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If the compound amounts of a sum of money in 2 yrs and 3 yrs are Rs 13000 and Rs 14300 respectively, find the rate of interest.

TheMiralce123 , 5 Years ago
Grade 10
anser 1 Answers
Vikas TU

Last Activity: 5 Years ago

Difference between c. i. of any two consecutive years is equal to si calculated on small ci for year

14300-13000=P.r.t/100
1300=13000*r*1/100
1300*100/13000=r
10 % =r

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