Question

On what sum of money will compound interest, payable half-yearly, for 18 months be the same as simple interest on Rs. 63,050 for 2 years, both at the rate of 10% per annum?​

Answer 1

Answer:

Correct option is

A

46000

As per Ques S.I on 9430 for 10 year @ 5% p.a

=

100

9430×10×5

=4715

Lets money of on C.I is x Rs

Then C.A =X(1+

100

5

)

2

=X(

100

105

)(

100

105

)=

400

441X

C'I =

400

41X

As per Ques S.I =C.I

Then

400

41X

=4715

X=46000