The compound interest for 2 and 3 years on certain principal at certain rate of interest are ₹8820 and ₹ 9261 respectively. find the rate of interest and principal. About the author Evelyn
Here is your answer Let Sum = P Rate of interest = R% T =2 and 3 years A = 8820 and 9261 As we know that the formula A = P(1+ R/100)^t Hence Principal = Rs 8,000 Rate of interest = 5% Reply
Here is your answer
Let Sum = P
Rate of interest = R%
T =2 and 3 years
A = 8820 and 9261
As we know that the formula
A = P(1+ R/100)^t
Hence
Principal = Rs 8,000
Rate of interest = 5%