Question

The compound interest on a certain sum for 2 years at a certain rate of interest is Rs 1025 and Simple Interest on the same sum, same time and same rate of interest is Rs 1,000. Then find the C.I for same sum in 3 years.

Answer 1

Answer:

RS 1576.25

Step-by-step explanation:

SI for 2 years = Rs 1000 =.> Si 1 year = Rs 500

In the second years Rs 25 is added in CI (1025-1000) which is 5% of 500

Hence R=5%

5%=500

100%=10000

sum=10000

CI for 3 years= RS 1576.25

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