Question

Akash deposit certain amount in a finance company for 3 years at 10% per annum simple interest and the same amount at the same rate but at compound interest for the same period in another finance company he got rupees 186 more as interest from second finance company what is the sum deposited in each

Answer 1

Answer:

Rs 6000

Step-by-step explanation:

Define x:

Let the principal amount be x

Find the simple interest earned:

1 year = 10% of x = 0.1x

3 years = 3(0.1x) = 0.3x

Find the principal amount:

Akash earned Rs 186 more in compound interest

x + 0.3x + 186 = x(1 + 0.1)³

1.3x + 186 = x(1.1)³

1.3x + 186 = 1.331x

0.031x = 186

x = 6000

Answer; Akash deposited Rs 6000 in each of the company.

Answer 2

Answer:

rs. 6000 is the answer

Step-by-step explanation:

hope this helps you