Question

On a certain suk of money at a certain rate of interest simple interest of 2 years is rs 7500 and if the interest is compounded annually the compound interest of the first 2 years is rs 7781.25 find the rate of interest and the sum of money

Answer 1

Answer:

Step-by-step explanation:

on a certain amount of money at a certain rate of interest simple interest of 2 years is rupees 7500 and if the interest is compounded annually the compound interest of the first 2 years is rupees 7781.25.find the rate of interest and ... T=2 Year. (C.I)=P[1+(rate/100)]T-P. =6250[1+(8/100)]2-6250. =8410-6250.