A certain sum was invested at 5%p.a interest compound annually 3year simple interest on the sum for 6month was 150rs. Find the compound interest on the sum for the first year?
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Answer:
simple intrest for 6 months is 150
substitute ptr/100=150
p(1/2)5/100=150
5p/200=150
p/40=150
p=6000
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