Question

A capital of rs 1500 becomes RS.l680 in 3 years at simple word
If the rate of interest
is increased by 2%how much capital will be in 3 yra


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Answer 1

Step-by-step explanation:

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Maths

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 per cent per annum by Rs. 228. Find the sum.

Answer

Correct option is

A

96000

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