Asked by kiran
Ram deposited a certain amount in bank to earn a compound interest at a rate of 10%.The difference between interest on amounts in 3rd and 2nd year is 12100.what amount did ram deposit?
Answers
Answered by
Reiny
x(1.1)^3 - x(1.1)^2 = 2100
solve for x
hint: x is a common factor.
solve for x
hint: x is a common factor.
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