Question

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

Answer 1

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.

Answer 2

Answer:

8750

Explanation:

ci-si=56

4x/625=56

x=56×625/4=8750