Question

A man lends some money to his friend at 5% per annum of interest rate. After 2 years, the difference

between the Simple and the compound interest on money is Rs. 50. What will be the value of the amount

at the end of 3 years if compounded annually?​

Answer 1

Answer:

S.I. C.I.

r=5% r=10%

n=3 n=3

S.I.=

20

3P

C.I.=P(1+

100

10

)

3

−P

C.I.=S.I.=905

P=Rs.5000