the difference between compound intrest and simple intrest on a ceratin sum at 3% p.a for 3 years is rs27.27.what is the sum
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Answer:
C.I - S.I =27.27
LET PRINCIPAL BE RS. X
X{(1+r/100)^N -1} - prt/100 = 27.27
X{ (1 + 3/100)^3 -1 } - X*3*3 /100 = 27.27
X{ (103/100)^3 -1 } - 9X/100 = 27.27
X{ 1092727-1000000/ 1000000} -9X/100 =27.27
92727X / 1000000 - 9X /100 = 27.27
92727X -90000X /1000000 = 27.27
2727X = 27270000
X = 10000
Step-by-step explanation:
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