The compound interest on a sum of money for two years is 459 and the corresponding simple interest is 450. What is the amount under simple interest on the same amount at the same rate of interest at the end of two years?
The compound interest on a sum of money for two years is 459 and the corresponding simple interest is 450. What is the amount under simple interest on the same amount at the same rate of interest at the end of two years?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Simple Interest, S.I. = Rs. 1260 =
100
PR×2
=
50
PR
-(i)
Compound Interest, C.I. = Amount(A) - Principle(P)
=P(1+
100
R
)
2
- P = PR(R/10000+1/50)=Rs.1323 -(ii)
Dividing (ii) by (I),
200
R
+1 =
1260
1323
⇒Rate,R=10%p.a.
Now,
100
PRT
=1260
⇒
100
P×10×2
=1260
⇒ Principal or Sum , P = Rs.6,300
Step-by-step explanation:
plz solve with this method...✌