Practicing Success
On compound interest, a certain sum amounts to ₹ 7350 in 2 years and to ₹ 8575 in 3 years. Find the rate of interest. |
$\frac{25}{3}$% $\frac{50}{3}$% 25% 33% |
$\frac{50}{3}$% |
Sum Amount 7350 8575 294 343 6 7 ( Interest = 1) Rate, (1 × 100)/6 = $\frac{50}{3}$% |