Question

The difference between compound interest and simple interest for a certain sum of money for 3 years at 5% per annum its RS 61. Find the sum.

Answer 1

Answer:

Step-by-step explanation:

Ci-si=rs61

R=5%

T=3y

CI-SI=p(1+r/100)^T

61=p(1+5/100)^3

61=21×21×21/8000p

61×8000/9261=p

P=52.69Rs

Hope it helps u✌