Question 1
A sum is invested at compound Interest, compounded yearly. If the interest for two successive years
is Rs 5.700 and Rs 7.410, calculate the rate of interest
Question 2
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0
Answer:
=30%
Step-by-step explanation:
Difference between the C.I of two successive years=7410−5700=Rs.1710
Rate of interest= Difference between the C.I of two successive year×100 /C.I of preceding year×time
∴Rate of intereast= 1710×100 /5700×1 =30%
Answered by
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ANSWER= 30% rate.
Step-by-step explanation:
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