Question

The difference between Sl and Cl for 2 years on the same sum and at the same rate of interest,
compounded annually is Rs. 1080. The difference between SI and Cl for 3 years on the same sum and
at the same rate of interest is Rs. 3294. Find the rate of interest.
0.05%
O
5%
10%
O
0.25%
C​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Step-by-step explanation:

difference for2 years

1080=p{(1+r)^2-2r}        (i)

3294=p{(1+r)^3-3r}        (ii)

divide equation 1 by 2

r=10%