ICSE Class 9 Answered
On a certain sum, the compound interest in 2 years amounts to Rs.4,240. If the rate of interest for the successive years is 10% and 15% respectively, find the sum.
Asked by anujapandit76.9spicertl | 26 May, 2020, 08:17: PM
Expert Answer
Here, C.I. = Rs. 4240, n = 2 years, r1 = 10%, r2 = 15%
Using the compound interest formula we have
Hence, the sum is Rs. 16,000
Answered by Renu Varma | 27 May, 2020, 11:14: AM
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