Math, asked by amishpandey, 27 days ago

Simple interest on a certain some of money at 10% for 3 years is Rs. 4200. If the same money were invested at 5% compound interest for the same time, what compound interest would it be?

Answers

Answered by afiyamuskan89
0

Answer:

sol:

given:

time=3years

rate=20%

formula used:

compound interest=principal(1+rate/100)

simple interest=(principal*rate*time) /100

calculation:

4368=principal((1+20/100) *3-1)

----4368=principal((6/5) *3-1)

----4368=principal(91/125)

----principal=48*125=6000

simple interest=(6000*20*3) /100=3600

THEREFORE, SIMPLE INTEREST IS 3600

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