Math, asked by angelmankirat, 4 months ago

The Compound Interest on a sum of money for 2 years is Rs. 170 and the S.I. on the same sum at the same rate of interest for 3 years is Rs. 240. The rate of interest p.a. is?

Answers

Answered by prasanthikuchipudi

5

Answer:

12.5%

Step-by-step explanation:

CI for 2 years is 170

SI for 3 years is 240

SI for 2 years is 160

CI for 2 years-SI for 2 years= 170-160 =>10

10/160*100=> 6.25 for 1 year

12.5 for 2 years

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