Mahesh borrowed a certain sum for 2 year at simple interest from bhim.Mahesh Lent this sum to vishu to at same rate for 2 year compound interest. At the end of 2 year and Mahesh received rupees 410 compound interest but paid rupees 400 as simple interest.find the sum and rate of interest
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Si of two year is ₹400.
Of one year =₹200
Extra interest of Ci is &₹10
Rate =10/200*100=5%
Sum =4000(as 5% of 4000 is 200)
Of one year =₹200
Extra interest of Ci is &₹10
Rate =10/200*100=5%
Sum =4000(as 5% of 4000 is 200)
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