1.

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.​

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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