Compound interest
Asked by baidshryans
| 26th Nov, 2008,
06:06: PM
Expert Answer:
let principle amount be P and rate ot interset be r.
then by formula of compound interest
1025 = P (1 + r/100)2
1576.25 = P (1+ r/100)3
divide these two equation and solve for r.
after finding r put it in one of the above equation and find P.
Answered by
| 30th Nov, 2008,
01:46: AM
Kindly Sign up for a personalised experience
- Ask Study Doubts
- Sample Papers
- Past Year Papers
- Textbook Solutions
Sign Up
Verify mobile number
Enter the OTP sent to your number
Change