In how many years will Rs 1250 amout to Rs 1950 at the interest rate of 8% per annum ?
Answers
Answered by
0
Answer:
Simple Interest, S.I. = Rs. 1260 = 100PR×2 = 50PR -(i)
Compound Interest, C.I. = Amount(A) - Principle(P)
=P(1+100R)2 - P = PR(R/10000+1/50)=Rs.1323 -(ii)
Dividing (ii) by (I),
200R+1 = 12601323
⇒Rate,R=10%p.a.
Now, 100PRT=1260
⇒ 100P×10×2=1260
⇒ Principal or Sum , P = Rs.6,300
Answered by
8
Answer:
hii
please follow me and please thanks my answer
Similar questions