Question

18. A certain sum of money, invested for 5 years
at 8% p.a. simple interest, earns an interest
of 12,000. Find :
(i) the sum of money.
(ii) the compound interest earned by this
money in two years at 10% p.a.
compound interest.​

Answer 1

(i)SI=PRT/100

P=(SI*100)/RT

P=(12,000*100)/(8*5)

P=Rs. 80,000

.

.

.

(ii)