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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.

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.

Grade:10

2 Answers

Vikas TU
14149 Points
one year 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
Saurabh Koranglekar
askIITians Faculty 10341 Points
one year ago
Dear student

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