Q 10/100 If the difference between
interest received by two persons A
and B on the same sum of Rs.1500
for 3 years Rs.18. Then what is the
difference between the two rates of
interest.
Answers
Answered by
3
Principal (p) = Rs 2400
Rate (r) = 20% per annum
Time (t) = 3 years
By using the formula,
A = P (1 + R/100) n
= 2400 (1 + 20/100)3
= 2400 (120/100)3
= Rs 4147.2
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