Question

On certain sum of money the difference between the compound interest for a year,payable half yearly,and the simple interest for a year is rs 224.If the rate of interest in both tha cases is 16%, then the sum is

Answer 1

On a certain sum of money, the difference between the compound interest for a year, payable half- yearly, and the simple interest for a year is Rs.180/-. Find the sum lent out, if the rate of interest in both the cases in 10% per annum.