Question

The difference between the compound interest and simple interest for 5 years at 7% per annual on certain sum of money is Rs 860, FIND THE SUM?

Answer 1

Answer:

The simple interest and compound interest on a certain sum for 2 years are Rs. 800 and Rs. 880 respectively. The rate of interests (in % per annum ) on both the sums is the same. If the interest on the sum lent at compound interest is compounded annually, find the rate of interest ( in % per annum)

Hope it helps you

and follow me

plz give me brainiest plz give brainest