Question

the compound interest on a sum of money for 3 years at 10% per annum is rupees 2604.80 find the simple interest for the same sum for same time at the same rate​

Answer 1

Answer:

please refer to the attached

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Step-by-step explanation:

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Answer 2

Answer:

Compound interest 2 years =Rs. 315

Let principal-Rs. P Amount =Principal+Interest

=Rs. P + 315

A = P * (1 + R / 100) ^ n

P + 315 = P * (1 + 10/100) ^ 2

= P(11/100)2

P + 315 = 121P / 100

100P + 31500 = 121P

21P = 31500

P = 1500

Principal is Rs. 1500

Simple interest= P x RXT/100

S.I 1500 × 10 × 2/100

S.I=30000/100

S.I = 300RS.

Simple interest for 2 years at 10% on Rs. 1500 is Rs. 300.