Question

The simple interest on a certain sum of money at 4% p.a. for 4 years is Rs 19 more than interest on the same sum for 3 years at 5% p.a. Find the sum of money?​

Answer 1

Answer: 94,736. 84

Step-by-step explanation:

Principal = P

Simple interest = P *  4/100 * 4 years = 0.16 P

Compound interest = P * (1 + 5/100)³ = 1.157625 P - P = 0.157625 P

  Given,  0.16 P - 0.157625 P = Rs  225

            P = Rs 94,736. 84