A certain sum amounts to Rs. 7350 in 2 years and to Rs. 8575 in 3 years when compounded annually. The sum and rate of interest is?
A certain sum amounts to Rs. 7350 in 2 years and to Rs. 8575 in 3 years when compounded annually. The sum and rate of interest is?
Solution
✅ Correct Option: 1
The third year interest is on , so . Then , giving .
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