Question icon
Grade 1010 grade maths

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.

Profile image of TheMiralce123
6 Years agoGrade 10
Answers icon

2 Answers

Profile image of Vikas TU
ApprovedApproved Tutor Answer6 Years ago
Dear student 
 
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
Profile image of Saurabh Koranglekar
ApprovedApproved Tutor Answer6 Years ago
Dear student

576-284_15654408674411098358632.jpg