Question

The difference between si and ci of a certain sum ₹15000in 2 year is ₹ 96. Find rate percent.


(Solve and get free 50 points)​

Answer 1

Answer:

7000 is be answer is be rate

Answer 2

Answer:

Difference between the Compound interest and Simple interest for 2- years is given by the formula

I= Pi²

where I= difference between C.I and S.I for 2- years.

P= Principal

i= rate of interest in decimal.

So i² = I/P

i²= 96/15000

i²= 0.0064

So I = √(0.0064)= 0.08

So the rate of interest = 8%

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Pandita Rahul

, MSc IT Competitive Exams, University of Jammu (2014)

Answered 2 years ago · Author has 218 answers and 318.3K answer views

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