Question

The simple interest on a certain sum of money lent for two years at 14% p.a is 2100rupees . Find the compound interest on the sum.

Answer 1

Answer:

2247

Step-by-step explanation:

rate for 2 yrs = 14× 2= 28

now

28= 2100

1= 75

sum = 7500

rate for 2 years at CI -

14+14+ 14× 14/100= 29.96%

compound interest= 7500× 29.96%

= 2247