Question

compound interest on a certain sum of money at the rate of 5% becomes rupees 1537.50 in two years find simple interest on same sum for same time at the same interest rate​

Answer 1

Answer:

457 u like it is right but confirm not

Answer 2

Step-by-step explanation:

CI= P{(1+I)^n-1}

1537.50 = P{1.05^2 -1}

P= 15000.

using the information as provided

SI= P*R*T/100

SI= 15000*5*2/100

SI= 1500.

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