Question

7. Simple interest on a certain sum of money for
4 years at 4% per annum exceeds the
compound interest on the same sum for 3
years at 5 percent per annum by * 228. Find
the sum.​

Answer 1

Step-by-step explanation:

Principal = P

Simple interest = P * 4/100 * 4 years = 0.16 P

Compound interest = P * (1 + 5/100)³ = 1.157625 P - P = 0.157625 P

Given, 0.16 P - 0.157625 P = Rs 225

P = Rs 94,736. 84

hope this helps.....