1.

The compound interest, calculated yearly on a certain sum of money for the 2nd year is Rs 880 & for the 3rd year it is Rs 968. Calculate the rate of interest & the original money.​

Answer»

∵ Difference between the C.I of two successive years=Rs.880−968=Rs.88 ∴Rate of interest=  P×T 100×I ​   =  880×1 100×88 ​   =10% Let the SUM of money=Rs.100 ∴interest for ONE year=10% of 100=  100 10 ​   ×100=Rs.10 AMOUNT after one year=100+10=Rs.110 ∴Interest foe second year=10% of 110=  100 10 ​   ×110=Rs.11 When the interest for second  year is rs .11 then sum=Rs.100 When the interest for second year is Rs.880 then sum=  11 100 ​   ×880=Rs.8000Explanation:hope it is help youplease MARK as me brainlist



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