Question

The compound interest on a certain sum of money at 15% p.a. compounded annually
Rs. 562.50 more than the S.I. at the same rate in 2 years. Find the sum


Please give write answer

Answer 1

Answer:

take sume as = x

now add 562.50rs to actual sum and calculate

simple intrest for 1year at a intrest of 15%

now take final result as principal

and calculate the simple for 1 year at a intrest of 15 % . this will be ur compound intrest . now taking x as principal calculate compound intrest and u will get the value of sum