Question

interest
12. The compound interest, calculated yearly, on a certain sum of money for the second year is Rs 880
and for the third year it is Rs 968. Calculate the annual rate of interest and the original money.
ICSE 1993​

Answer 1

Answer:

the compound interest calculated yearly on a certain sum of money for the second year is Rs . 880 and for the third year is Rs.968 calculate the rate of interest and the actual money. Calculate the rate of interest and the sum of money. ... for the second year is Rs. 880 and for the third year is Rs. 968.

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