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8 years, 5 months ago
8 years, 5 months ago
Let the Principal be P and rate of interest be r.
Given,
2200 = $$P(1 + r/100)^2 - P(1 + r/100) $$ = P(1 + r/100)(r/100) - (1)
2400 = $$P(1 + r/100)^3 - P(1 + r/100)^2 $$ = P(1 + r/100)^2(r/100) - (2)
(2)$$\div$$1 = 12/11 = 1 + r/100
r = 100/11
Substituting r in (1): P( 1 + 1/11)(1/11) = 2200
P(12/11)(1/11) = 2200
thus, P = Rs 22,183$$\frac{1}{3}$$
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