The difference between compound interest
and simple interest on a certain principal
at 15% p.a., for 3 years is 283.50.
Find the principal.
Answers
Answered by
7
Step-by-step explanation:
given: c.i - s. I = rs.283.50
Rate= 15% time=3yrs
let the sum be ×
A=p(1+ R/100)n
A= 2(1+5/100)^3
R= (1.15)^3
S.I = P×R×T/100 = X × 15×3/100=1.45×
×(1.15)^3-1.45×=283.50
1.523×-1.45 = RS.283.50
0.070875× = RS.283.50
×=283.50/0.070875=4000 ans
plz mark brainlist
Similar questions