CBSE Class 7 Answered
A certain sum becomes 283.75 and 306.25 rupees in 3 and 5 years.find annual rate of interest
Asked by anandpr847 | 12 Oct, 2018, 15:58: PM
Expert Answer
Use the Formula: Amount = P + 
Substitute the values, we get
283.75 = P 
...(i)
...(i)306.25 = P 
...(ii)
...(ii)From(i) , substitute the value of P in (ii), we get
306.25(100 + 3R) = 283.75(100 + 5R)
Solve the equations and get the value of R.
Answered by Yasmeen Khan | 12 Oct, 2018, 17:19: PM
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