The CI calculated yearly, on a certain sum of money for the second year is Rs.1320 and for the third year is Rs.1452. Calculate the rate of interest and the original sum of money.
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ans.-rate-₹132per year
principal-₹1056
make equation of both years and compare them
you will get p(1+r/100)=132
this is interest
put value and then subract 132 two times from 1320
p=1056
principal-₹1056
make equation of both years and compare them
you will get p(1+r/100)=132
this is interest
put value and then subract 132 two times from 1320
p=1056
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