Question

If the difference between the Compound interest and simple interest on a sum
of 5% rate of interest per annum for three years is Rs.36.60, then the sum is​

Answer 1

Answer:

difference is simple interest me byaj ek baar hi lagta hai

compound interest me byaj have saal usi me add hota rahta hai

Answer 2

Answer:

The sum is Rs 4800

Step-by-step explanation:

Given,

• Rate of Interest = 5% = 5/100 =1/20
• Time = 3 years
• Compound Interest-Simple Interest = Rs 36.60

Let,

Sum = 20³ = 8000 units.

According to the question ,

61 units = Rs.36.60

8000 units = $\frac{36.60\times8000}{61}$

Sum = 4800

Hence the sum is Rs 4800.