Question

find the differance between si and ci on ru 15625 at 12% per annum 3 years​

Answer 1

Answer:

According to the question

CI - SI = 625

⇒ CI - SI = P(R/100)2

⇒ 15625 (R/100)2 = 625

⇒ (R/100)2 = 625/15625

⇒ R = 20%

∴ the required rate of interest is 20%

Answer 2

Answer:

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