Question

The compound interest on a sum of money for 3 years at 5% is rs 1324.05. What is the simple interest.?

Answer 1

Answer: CI

p(I+5/100)^3-p = 1324.05

P(lo5/100)^3-P=1324.05

P[(I05/loo)^3-I]=1324.05

pxo.157625=1324.05

P =1324.05 /o.157625= Rss 8400.

S.I

PNR/100=84oox3x5/100= Rs.1260