Question

hi
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please , tell me answer of this question with step by step explanation

Answer 1

Answer:5% and 8000 is the answer

Here is your answer

Let Sum = P

Rate of interest = R%

T =2 and 3 years

A = 8820 and 9261

As we know that the formula

A = P(1+ R/100)^t

So

AND

Now Divide 2 by 1 above equation we get

Now put it in the equation 1 we get

Hence

Principal = Rs 8,000

Rate of interest = 5%

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