Question

A certain sum of money at 4% per annum he lend it in two scheme one is compound annually and another compound half yearly then the difference between these two interest at 1 year 6 months is rs 204 what is the principal amount

Answer 1

If the simple interest on a certain sum of money for 4 years is one–fifth of the sum, then the ... It amounts to Rs. 400 at 10% per annum