Practicing Success
The compound interest of second year on a sum at the rate of \(16\frac{2 }{3}\) % p.a. is Rs. 840. Find the sum. |
4358 4360 4500 4560 |
4360 |
Rate = 16\(\frac{2}{3}\)% = \(\frac{1}{6}\) Let the principal = 62 = 36 ( if time is two years then we will take square) CI for first year CI for Second year 6 7 ⇓ ×120 ⇓ 840 (Given) Sum is = 36 × 120 = 4360 |