Question

If the difference between the compound interest and simple interest on a
sum at 8% rate of interest per annum for three years is 450, then the sum is-
(A) 20,600
(B) 21,500 (C) 22,500 (D) 24,540
(E) None of these​

Answer 1

Answer:

Given, R = 8%, D = RS. 32 and P = ?

By formula, D = P(R100)2P(R100)2

=> 32 = P(8100)2P(8100)2

P = 32×100×1008×832×100×1008×8 =RS.5000