the difference between the compound interest and simple interest on a certain sum of money at 15%per annum for three years is ₹283.5 find the sum.
Answers
Answered by
2
Answer:
Given CI-SI= Rs. 283.50 R=15% n=3 years
Let the sum be Rs.x
We know that : A=P(1+
100
R
)
n
A=2(1+
100
5
)
3
=x(1.15)
3
_________ (1)
Aslo, SI=
100
PRI
=
100
x×15×3
=1.45x _______ (2)
Thus, we have :
x(1.15)
3
−1.45x=283.50 (from (1)&(2))
⇒1.523x−1.45x=283.50
⇒0.070875x=283.50
⇒x=
0.070875
283
=4,000
Thus, the sum is Rs 4000
Step-by-step explanation:
mark me the brainliest
and follow me
for tough ans
Similar questions