Question

Find out the sum, for which the difference, between the compound and simple

interest, for 3 years at the rate of 10% per annum, would be 31?​

Answer 1

Answer:

P(r/loo) 2x (3+rloo)=31

P(10/100)^2 x (3+IO/100)=3l

Px loo/10000x310/100=3l

P/100x310/100=31

p = 310000/31=Rs.10000 .... Ans