a sum of money amount rs 6050 in two years and rs 6655 in 3 years at ci being compounded annually find the sum and rate

• A1= P(1+R/100)^3= 6655
  A2= P(1+R/100)^2= 6050
  A1/A2= 6655/6050 = (1+R/100)
  => R = 10
  6050=P(1+10/100)^2=P(11/10)^2
  =>P= 5000
  Answer=> P=5000, R=10% :)
• 9 years agoHelpfull: Yes(3) No(0)
• A=P(1+(r/100))^n
  6050=P(1+(r/100))^2-----(1)
  6655=P(1+(r/100))^3-----(2)
  On dividing eqns. (1)&(2),
  r=10%
  P=₹5000
• 9 years agoHelpfull: Yes(0) No(0)