1. If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 33708, and Rs 35730.48 respectively, what is the rate of interest?
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By: anil on 05 May 2019 02.12 am
Compound interest at the end of 2nd year = Rs. 33,708 Compound interest at the end of 3rd year = Rs. 35,730.48 => Difference = 35730.48 - 33708 = Rs. 2022.48 This is the interest obtained on the amount of 2nd year. $$ herefore$$ Rate of interest, $$r = frac{2022.48}{33708} imes 100 = 6 \%$$ => Ans - (A)
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