On what sum will the difference between simple interest and compound interest for three years at 10℅ p.a is Rs. 232.50?
Answers
Answer:
₹ 7500
Step-by-step explanation:
hereis your answer dude
Answer:
Rs = 7500
Step-by-step explanation:
explanation: Here n= 3 years r= 10% and compound interest- simple interest= rs. 232.50
Simple interest= P×R×N
________
100
=Simple interest =30p
___
100 .......(1)
Compound interest= Amount- Principal
= P( 1+r/100)ñ- p
= P [ ( 1+ 10/100)³-1 ]
=331p
____ ........(2)
1000
We ,have
Compound interest- Simple interest = rs= 232.50
= 331p. 30p
___. - ____ = 232.50
1000. 100
= 31p
___ = 232.50
1000
= P= Rs. =7500
= Therefore, on rs. = 7500 the difference between the simple answer compound for 3year at 10%p.a is 232.50
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