1. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Ask Your Doubts Here
Comments
By: guest on 01 Jun 2017 05.46 pm
Let the sum be Rs. P. Then, P 1 + 10 2 - P = 525 100 P 11 2 - 1 = 525 10 P = 525 x 100 = 2500. 21 Sum = Rs . 2500. So, S.I. = Rs. 2500 x 5 x 4 = Rs. 500 100