If the difference between compound and simple interest at a specific rate R% in 3 years on a sum of Rs 25000 is Rs 775. If the amount is doubled and the rate is increased by 50%, find the difference between the compound interest and the simple interest on the new amount in 2 years.
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4
Answer:
For , N = 2 years R = 5 We have S.I. = PNR100 = P × 2 × 5100 = 10P100 = 0.1P And on interest being compounded for 2 years and R = 5 + 5100)2 = P × (1.052)
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0
Answer:
1125
Step-by-step explanation:
775/25000=31/1000
so the rate is 10%
now new rate=15
new principle 50000
difference in 2 years=225*50000/10000=1125
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