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A sum of money put out at compound interest amounts in 2 years to ₹4,410 and in three years4630.50.Find the rate of interest and the original sum.explain step by step. |
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Answer» Step-by-step explanation: Different is AMOUNTS = 4630.50 - 4410 = 220.5 Rs Rs 220.5 is the interest on Rs 4410 is 1 year RATE of interest = 220.5 × 100/4410 = 5% |
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