Question

The difference between compound interest and the simple interest on a certain sum at 10% per annum for 3 years is Rs93. Find the sum

Answer 1

Answer:

49.3

Step-by-step explanation:

D = p(r/100)^n

=> ₹93 = p(10/100)^3

=>³√93 = p/10

=> 4.93 = p/10

=> 4.93 × 10 = p

therefore, p = 49.3