Question

The compound interest on a sum of money for
3 years at 10% p.a. is rd 264.80. Find the
simple interst on the same sum for the same
time at the same rate of interest .What will be
the rate of interest the si for the sum is rs 300?​

Answer 1

12.5%

Step-by-step explanation:

p[(1 + 10/100)^3 - 1] = 264.80

p = 800

300 = 3r ×800/100 => r = 12.5%

Or

equivalent rate = 33.1%

33.1% = 264.80 => 100 % = 800

3r % of 800 = 300 => r = 12.5%

Answer 2

Answer:

Step-by-step explanation: