14. What is the value of the rate of interest if the difference between the compound interests of the first and the second year is 4 times that of the principal?
Answers
Answered by
0
Answer:
Let the principal be Rs. P
Given : R=5%,T=24 years
C.I. for 2 years =P(1+
100
5
)
2
−P
S.I. for 2 years =
100
P×5×2
=
10
P
∵ Difference between C.I. and S.P. = Rs. 25
P(1+
100
5
)
2
−P−
10
P
=25
400
441P
−
10
11P
=25
400
441P−440P
=25
P=10,000
Hence, the principle should be Rs. 10,000
Step-by-step explanation:
The answer is given above please mark me as the brainliest
Similar questions