67%
21. Very short answer question
5 points
Compound interest on Rs. 350 in 3
years at4% per annum is
043.70
42.50
40.00
43.00
Answers
Answered by
0
Answer:
For ,
N=4years
R=4 %
We have S.I.=
100
PNR
=
100
P×4×4
=
100
16P
=0.16P
And on interest being compounded for 3 years and R=5 %, Amount=P(1+
100
R
)
N
=P(1+
100
5
)
3
=P×(1.05
3
)=1.157625P
So, C.I.=A−P=1.157625P−P=0.157625P
Given, S.I.−C.I=Rs228
=>0.16P−0.157625P=Rs228
=>0.002375P=Rs228
=>P=Rs96,000
Step-by-step explanation:
hope it will help you
Similar questions