The Simple Interest on a sum at rate X is equal to Compound Interest at 25%.The sum of money is INR 1500.Time taken in both cases is 2 years ,
what is X?
a.27.75
b.25
c.28.125
d.31.125
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1
Answer:
28.125
Step-by-step explanation:
Compound interest
first year = 1500 X 25 % = 375
second year = (1500+375)X 25% = 468.75
Total Interest = 375+468.75= 843.75
Simple interest= 843.75
= 843.75/1500X100X1/2= 28.125
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