Question

thedifference between the compound interest and the simple interest on a certain sum of money at 15% per annum for 3 years is 28 3.50 find the sum

Answer 1

Answer:

p (r/100) n (3+r/100) =

283.50

p (15/100) 2 (3+ 15/100)=283.50

P (225/10000) (315/100)=283.50

P=283-50/(225/10000) (315 / 100)

P = 4000

Sum=Rs 4000