The difference between the compound interest and simple interest on a certain sum of money at 6 2upon3 for three years is rs184
. find the sum
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Secondary School Math 5 points
The difference between simple and compound interest on the same sum of money at 20/3% for 3 years is rupees 184 determine the sum
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Adi26012006
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Answer:
13500
Step-by-step explanation:
let the sum be x
therefore,
CI = P(1+R/100)^t - P
SI = P×R×T/100
hence,CI - SI = P(1+R/100)^t - P - (P×r×t/100)
or
CI - SI = P{(1+r/100)^t - 1) - rt/100}
184 = P {(1+20/3/100)^3- 1) - 20/3 × 3/100}
184 = P{(4096/3375 - 1) -1/5}
184 = P{721/3375 -1/5}
184 = P(46/3375)
P = 3375/46 × 184
P = 13500
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