Question

If the compound interest on a certain sum at 10% per annum compounded annually for 2 years 3 months is ₹5766, then find the simple interest on the same amount at the same rate and for the same period.

Answer 1

Step-by-step explanation:

R=10%

T=2yrs 3months (3/12)=1/4

P=5766

Interest for first year

= 10*1*5766/100

=576.6

A=5766+576•6

=6342•6

Interest for second year

R=10%

P= 6342•6

T=I

=10*1*6342•6/100

=634•26

A=6342•6+634•26

=6976•86

Interest for half yearly

R=10%

T=1/4

P=6976•86

=10*6976•86*1/4*100

=1744215

A= 1744215+ 6976•86

=1751191•86

C.I= 1751191•86-5766

1745425•86