Friday, April 18, 2014

compound interest

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is --------------------


Answer:

Let the sum be Rs. P.

Then,P1 +102- P= 525
100

P112- 1= 525
10

 P =525 x 100= 2500.
21

 Sum = Rs . 2500.

So, S.I. = Rs.

2500 x 5 x 4

= Rs. 500
                               100

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