Question
If certain sum of amount becomes Rs. 9024 in 12 years
and Rs. 13536 in 24 years at a certain rate of compound interest, compounded annually then find the sum.Solution
Percentage increase in amount in 12 years = [(13536 – 9024)/9024] × 100 = 50%
Desired sum = 9024/1.5 = Rs. 6016
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