The compond interest on a certain
sum money at 5%.pa. for 2yrs is 245. Calculate the simple interest on the sum for three years at 6%p.a.
Answers
Answered by
2
Step-by-step explanation:
According to interest that have been compounded for 2 years and R=5 %, Amount=P(1+
100
R
)
N
=P(1+
100
5
)
2
=P×(1.05
2
)=1.1025P
So, C.I.=A−P=1.1025P−P=0.1025P
Given, C.I.=Rs246
=>0.1025P=Rs246
=>P=Rs2,400
For
=>P=Rs2,400
N=3years
R=6 %
We have S.I.=
100
PNR
=
100
2,400×3×6
=Rs432
Answered by
2
Step-by-step explanation:
The compound interest on a certain sum of money at 5% per annum for two years is Rs. 246. Calculate the simple interest on the same sum for three years at 6% per annum.
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