Question

Raman deposited Rs 7600 in a bank. He withdrew Rs 3000 after 2 years. At the end of 7 years he received an amount of Rs 7656. Find the rate of interest ?​

Answer 1

The rate of interest is 4600 + 152 x.

Step-by-step explanation:

Let rate of interest = x%

Then for two years interest = 152 x

Total rupees=7600+152 x

Withdrew amount=3000

Then remaining  = 4600+152 x

Thus the rate of interest is 4600+152 x.

Also learn more

What is compound interest?

https://brainly.in/question/1128320

Answer 2

Step-by-step explanation:

Pratiksha deposited Rs 8,000 in a bank. After 2 years, she withdraw Rs 3,000 and at the end of 4 years, she received an amount of Rs 6,800. Find the rate of simple interest