On a certain sum of money lent out at 16% p.A., the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is rs. 56. The sum is
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Explanation:
r=8% because half early and t= 2yr...c.i= 1st yr=8 and2nd yr =8+.64,difference= .64 but given 56; .64___56;1___87.5;100___8750 ans.
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Answer:
8750
Explanation:
ci-si=56
4x/625=56
x=56×625/4=8750
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