Find the rate of Interest here..
Q1. Raman deposited Rs 7600 in bank . He withdrew Rs 3000 after two years. At the end of 7 years ,he receives an amount Rs 8036 . Find the rate of interest.
Q1. Raman deposited Rs 7600 in bank . He withdrew Rs 3000 after two years. At the end of 7 years ,he receives an amount Rs 8036 . Find the rate of interest.
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p²=4600+SI
3056=SI+
2+5P²)=3056 (1) R by 100 ×(7600
P²=4600+
(7600×R×2) by 100
putting above equation in equation (1)
R by 100 (7600×2+
5( 4600+7600×R×2 ) by 100 =3056
R= 7. 0196%
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