Question

If compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 246.

Then what is the simple interest on the same sum for 4 years at 8% per annum ?
​

Answer 1

C.I. = P [(1 +

x

)

n

– 1]

100

246 = P [(1 +

5

)

2

– 1]

100

246 = P [(

105)

2

– 1]

100

246 = P [(

21)

2

– 1]

20

P = 2400

So, SI on Rs. 2400 for 4 years at 8% S.I.

⇒ S.I. = 2400 × 4 × 8

100

= 24 × 32 = 768

Answer 2

Answer:

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Step-by-step explanation: