Question

The compound interest accrued on a certain sum at 15% p.a is 34400 for two years,when the interest is compounded annually. find the simple interest accrued on the same sum at the same rate of interest for two years

Answer 1

Answer:

hey mate there is your answer

Explanation:

Answer: B) Rs.500

Explanation:

Let the sum be Rs. P.

Then,[p(1+10/100)2-p]=525

Sum =Rs.2500

S.I.= Rs.(2500*5*4)/100

= Rs. 500