The difference between C.I. for third year and second year is Rs.12.60, if rate is 5% per annum then find the sum.
Answer & explanation
Correct answer: option 3
ATQ,
21R = 12.60
1R = 0.6
Principal = 8000 × 0.6 = Rs.4800
The difference between C.I. for third year and second year is Rs.12.60, if rate is 5% per annum then find the sum.
Correct answer: option 3
ATQ,
21R = 12.60
1R = 0.6
Principal = 8000 × 0.6 = Rs.4800