Question

The compound amount of a sum of money in 3 years is Rs. 26,620 in and in 4 years is Rs. 29,282. Find the compound rate of interest per annum and the sum.

Answer 1

Answer:

your answer

P(1+r100)2=2420...(1)  

P(1+r100)3=2662...(2)  

Dividing (2) with (1),

(1+r100)=26622420  

1+r100=1.1  

r100=0.1  

r = 10%

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Step-by-step explanation:

Answer 2

Answer:

rate = 10%

Step-by-step explanation:

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