The SI on a sum of money for 2 years at 12%per annum is ₹1380 find the sum of money and the CI on this sum for one year payable half yearly at the same rate
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begin mathsize 16px style 1380 equals fraction numerator straight P cross times 2 cross times 12 over denominator 100 end fraction
straight P equals 5750 rs
Compound space interest
straight A equals 5750 open parentheses 1 plus 12 over 100 close parentheses squared =7212.8
Interest = 7212.8 - 5750
1462.8
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