A sum amounts to Rs.8820 in 2 years and Rs.9261 in 3 years compounded

annually. Find the rate and the sum.​

A sum amounts to Rs.8820 in 2 years and Rs.9261 in 3 years compounded

annually. Find the rate and the sum.​

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Peyton

1 thought on “A sum amounts to Rs.8820 in 2 years and Rs.9261 in 3 years compounded <br /><br />annually. Find the rate and the sum.​”

  1. Answer:

    Step-by-step explanation:

    INTEREST=9261-8820

    =441

    r=100×interest/p×t

    r=100×441/8820×1

    r=5%

    NOW ASSUMING P=x find the principle.

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