CAT WhatsApp Group
Sign in
Please select an account to continue using cracku.in
↓ →
CAT WhatsApp Group
A sum of money compounded annually becomes Rs.625 in two years and Rs.675 in three years. The rate of interest per annum is
As we know, formulae of compound interest for 2 years will be:
$$P(1+\frac{r}{100})^{2}$$ = 625 (Where r is rate, P is principal amount)
For 3 years:
$$P(1+\frac{r}{100})^{3}$$ = 675
Dividing above two equations we will get r=8%
Click on the Email ☝️ to Watch the Video Solution
Create a FREE account and get:
Book Free CAT Mentorship
Get personalized CAT strategy from a 99%iler
500+ students mentored
OTP Verification
Enter the 6-digit code sent to your phone
Booking Summary
Enter OTP
Didn't receive the OTP?
Educational materials for CAT preparation
Ask our AI anything
AI can make mistakes. Please verify important information.
AI can make mistakes. Please verify important information.
