the sum of money becomea ₹17640two year and ₹18522 in 3 year at the sume rate of intrest compounded annually find the sum and the rate per annum
Answers
Answered by
1
Answer:
Rate per annum is 5.56%
Sum of money is 15874.73
Step-by-step explanation:
17640=P(1+2R/100) - (1)
18522=P(1+3R/100) - (2)
By solving (2)/(1) you get the answer
Similar questions