Question

The compound interest on a certain sum for 2 years at 10 paise a rupee per
annum, compounded annually, is Rs 1050. Find the simple interest on the
same sum, for the same time and at the same rate.​

Answer 1

Answer:

Ur answer is ₹5000

Step-by-step explanation:

A= P(1+r/n)^nt

where A=P + C.I

P is principle amount , C.I is compound interest, r is rate of interest, n is no. of times interest is compounded, t is time period.

P+C.I= P(1+0.1)^2

P+1050=P(1.21)

1050=.21P

P=5000Rs.