difference between C.I and S.I on a certain sum for 3 years at 5% per annum is Rs.122 the sum is???
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Correct option is
D
Rs. 16,000
Suppose sum=P
Given CI−SI=Rs.122
P(1+
100
5
)
3
−P−(
100
P×5×3
)=122
P(
100
3
105
3
−1−
100
15
)=122
P(
100
3
7,625
)=122
P=
7,625
122×100
3
=Rs.16,000
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