Question

$please \: answer \: it$

The simple interest on a certain sum of money for 2 years at 4% p.a is Rs.340. Find 1)
the sum of money 2) the C.I on this sum for 1 year payable half yearly at the same rate.
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Answer 1

Answer:

Sum:

340=4×2×x/100

340×100=8x

34000/8=x

x=4250

Step-by-step explanation:

CI:

P×(1+R/100)^2T

4250×(1+2/100)^2×1

4250×102/100×102/100

=4421.7