The difference between compound interest and simple interest on certain. sum of money at 9% p.a. For 2 years is rs 324. Find the sum
Answers
Answered by
2
Answer:
40000
Step-by-step explanation:
we can apply formula directly as given in figure or we can find effective rate by A+B+(A×B)÷100)....9+9+81/100 = 18.81
this will give u total CI for 2 years bu we need CI-SI ...and SI for 2 years at 9% will be 18%...so 18.81-18= 0.81%
0.81% =324 as in question for 1 unit 40000
Attachments:
Similar questions