Question

1) radha borrowed a certain sum of money for 3 years the rate of 5% p.a compounded annually. rohini borrowed the same sum of money for the same time and at the same rate of interest at simple interest. the difference in interest for two is ₹183. find the sum of borrowed by them

2) in how much time will ₹5000 amount to ₹5600 with simple interest at the rate of 6%p.a ? with the same time period and rate, find the compound interest on the same principal.

3) the compound interest on a certain sum of money for 2 years at the rate of 6%p.a is ₹410. find the rate of interest which will fetch the same interest in 2 years time if the sum of money is given on simple interest.​

Answer 1

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