Question

(a) If the compound interest on a sum for 2 years at 4% p.a. is Rs 408, then the simple interest on the
same sum at the same rate and for the same period is​

Answer 1

Answer:

SI is 400

Step-by-step explanation:

CI for 2 years formula 2R+R^2/100

2*4+4^2/100=8.16%

8.16%=408

100%=5000

if sum=5000 SI for 2 years and 4 % interest is

5000*2*4/100

SI is 400