Question

If the compound interest on a certain sum for 2 years at 3% be Rs. 101.50, the Simple Interest is :

Answer 1

Step-by-step explanation:

CI=AMT-PRINCIPLE

HERE X IS PRINCIPLE

101.50=X(1+3/100)^2 - X

101.50=X(103/100)^2-X

101.50=X[(103/100) -1]

X=1015000/609.

SI=PTR/100...............=(1015000*2*3)/(100*609).

SI=100 EXACTLY.