Question

what sum of money will produce the same interest in 2 years at 5% per annum as ₹ 943 produces in 10 years at 5% rate of sumple interest​

Answer 1

Acc to the question,

Acc to the question, Principle = Rs x.

Acc to the question, Principle = Rs x.Time = 2 yrs.

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.SI = 943 * 5 * 10 * 0.01 = Rs 471.5

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.SI = 943 * 5 * 10 * 0.01 = Rs 471.5Therefore, 471.5 = x { (1+0.01*5)^2 -1}

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.SI = 943 * 5 * 10 * 0.01 = Rs 471.5Therefore, 471.5 = x { (1+0.01*5)^2 -1}or, 471.5 = x * 0.1025

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.SI = 943 * 5 * 10 * 0.01 = Rs 471.5Therefore, 471.5 = x { (1+0.01*5)^2 -1}or, 471.5 = x * 0.1025or, x = Rs 4600

Acc to the question, Principle = Rs x.Time = 2 yrs.Rate = 5%.SI = 943 * 5 * 10 * 0.01 = Rs 471.5Therefore, 471.5 = x { (1+0.01*5)^2 -1}or, 471.5 = x * 0.1025or, x = Rs 4600Therefore, Rs 4600 will produce the same compound intrest in 2 years at 5%per annum as Rs 943 produces in 10 years at 5%rate of simple interest.

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