A person took an amount of money as loan at the rate 3% simple interest per
annum and gives that money as loan to another person at the rate 5% compound
interest per annum and get Rs. 541 as profit after 3 years. What amount of
money he took as loan?
Answers
Answered by
0
Answer:
Rs.5000
Step-by-step explanation:
Given,
S.l
r=5(percent)
n=3
S.l=
100
p×n×r
C.l
r=10(percent)
n=3
C.l=p(1+
100
10 )
3
−p
Also given, C.l.−S.l.=905
[p(1+
100
10 )
3
−p]−
100
p×3×5
=905
∴p[( 10
11 )
3−1]− 20
3P=905
∴p[( 1011 ) 3−1− 203 ]=905
∴p[ 1000
1331−1150 ]=905
∴p= 181
905×1000
∴p=Rs.5000
Similar questions