Question

the compound interest on a certain sum of money for 3 years at 5% is ₹3783 what is simple interest at same rate for same time
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Answer 1

Answer:

Step-by-step explanation:

Clearly, Rate = 5% p.a., Time = 3 years, S.I.= Rs. 3783. . .

So principal=RS [100*3783]/3*5=RS 8000

Amount = Rs. 8000 x [1 +5/100]^3 - = Rs. 9261.

.. C.I. = Rs. (9261 - 8000) = Rs. 1261.

Answer 2

it is wrong answer and answer in my book is 3600