Question

on a certain sum of money, invested at the rate ao 10 percent per annum compounded anually, the interest for the first year plus the interest for the third year is 2652 rupees. find the sum.​

Answer 1

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Answer 2

Answer:

Step-by-step explanation:

let assume investment amount be 100 , first year interest =100*10%=10, second year (100+10)*10%=11, third year (100+10+11)=121*10%=12.1 hence 10+12.1=2652 , first year interest= 2652/(10+12.1)*10=1200,cost of investment(sum)=1200/10% (or) 0.1=12000

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