On what sum will the difference between the simple and compound interest for 3 years at 10% p.a. is Rs 232.50 ?
Answers
Answered by
38
Here is your answer
Attachments:
Answered by
9
Answer :
sum is 7500
Step-by-step Explanation :
Given: The difference between simple and compound interest for 3
years at 10% p.a. is Rs 232.50
To find: sum = ?
Let the sum be 'x'
S.I = x × 3 × 10 / 100
= 30x/100
=0.3x
C.I = x(1+ 10/100)³- x
= x(1.1)³ - x
= x × 1.331 - x
= 1.331x - x
=0.331x
Therefore According to given condition,
(0.331 - 0.3)x = 232.50
0.031x = 232.50
x = 232.50/0.031
x = 7500
Hence, sum is 7500
Similar questions