1. If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 30250, and Rs 33275 respectively, what is the rate of interest?
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By: anil on 05 May 2019 02.17 am
Compound interest at the end of 2nd year = Rs. 30,250 Compound interest at the end of 3rd year = Rs. 33,275 => Difference = 33275 - 30250 = Rs. 3025 This is the interest obtained on the amount of 2nd year. $$ herefore$$ Rate of interest, $$r = frac{3025}{30250} imes 100 = 10 \%$$ => Ans - (A)
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