Answer:

The principle money is Rs 8198.58.

Step-by-step explanation:

Given : A sum of money invested at compound interest amounts to Rs.9,248 in 2 years and to Rs. 9,826 in 3 years.

To find : The sum of money is​ ?

Solution :

Amount compounded in 2 years = Rs.9248

Amount compounded in 3 years = Rs.9826

The simple interest in 1 year is Rs.9826-9248=Rs.578.

The simple interest formula is

Applying compound interest formula,

Therefore, the principle money is Rs 8198.58.

Verified answer

Step-by-step explanation:

9,826-9,248=578

=578/9826×100

=5.8% rate

so calculate