If the compound interest on a sum for 2 years at 25/2 % per annum is rs. 510, the simple interest on the same sum at the same rate for the same period of time is:
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Answered by
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let the sum be Rs. P
the formula we know is:
compound interest= [p+( 1+rate of interest/100 )² - p]
According to the question,
[p+( 1+rate of interest/100 )² - 1] = 510
p [(9/8)²-1]=510
p= (510x64)/17
p=1920
so the sum is Rs. 1920
simple interest is=sumXrate of siXtime÷100
=Rs. 480
that is the answer.
P.s if you still have any doubts left then you can ask Online Math Tutor Live @https://tutstu.com/tutors/Math/sub/18/K-10
the formula we know is:
compound interest= [p+( 1+rate of interest/100 )² - p]
According to the question,
[p+( 1+rate of interest/100 )² - 1] = 510
p [(9/8)²-1]=510
p= (510x64)/17
p=1920
so the sum is Rs. 1920
simple interest is=sumXrate of siXtime÷100
=Rs. 480
that is the answer.
P.s if you still have any doubts left then you can ask Online Math Tutor Live @https://tutstu.com/tutors/Math/sub/18/K-10
Answered by
0
Answer:
480 rs.
Step-by-step explanation:
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