A sum become 12100 rs after 2 years and 13910 after 3 years find rate of CI ?​

A sum become 12100 rs after 2 years and 13910 after 3 years find rate of CI ?​

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Kinsley

2 thoughts on “A sum become 12100 rs after 2 years and 13910 after 3 years find rate of CI ?​”

  1. [tex]\huge \sf \bf {\boxed{\underline {\pink{\underline {✠Aɴʂᴡᴇʀ࿐ :−}}}}} [/tex]

    Solution :

    Amount=P(1+r100)T

    where p is the principal amount, r is the rate of interest and t is the time period.

    first,=>882=P(1+r100)2..(1)

    also,=>926.10=P(1+r100)3…(2)

    dividing (1) by(2)=>we get r=5

    substituting value of r=5 in (1) we get P=800

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