A sum of rupees 1536 ; put at compund interest, amounts to rupees 1632 in one year.How much would it amount to in the second year?
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First thing is that the compound interest of 1 year and the simple interest of 1 year are equal.
P=1536 N=1 R=x A=1632
A-P=SI=96
SI=PNR /100
96=1536*1*x/100
96*100/1536=x
6.25=x = Rate
A =[1536(1+6.25/100)^2]
A = 1536*6.5/4*6.5/4
A =Rs 4056
by simple interest
SI = 1536*2*6.25/100
SI=192
A= 1536+192=1728
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P=1536 N=1 R=x A=1632
A-P=SI=96
SI=PNR /100
96=1536*1*x/100
96*100/1536=x
6.25=x = Rate
A =[1536(1+6.25/100)^2]
A = 1536*6.5/4*6.5/4
A =Rs 4056
by simple interest
SI = 1536*2*6.25/100
SI=192
A= 1536+192=1728
Plz give me brainlist
THANK YOU
kshitijmalik20otyiix:
no this answer is wrong according to my book answer is given 1734 rupees
pls someone answer my query
Your book has got SIMPLE INTEREST i solved by compound interest I will edit my answer and write the correct answer
thank you very much
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