if the compound interest on a sum for 2 years at 4% p.a. is ₹408, then the simple interest on the same sum at the same rate and
1 answer:
Given that:
CI = ₹408
years = 2 years
Rate of interest = 4%
A = P{1+(R/100)}^
A-P = p{1+(R/100)}^n - P
I = P[1+(R/100)}^n - 1]
408 = P[{1+(4/100)²} - 1]
= P[{1+(1/25)²} - 1]
= P[(26/25)² - 1]
= P[(676/625) - 1]
= P[(676-625)/625]
408 = P(51/625)
P = 408*(625/51)
= 8*625 = 5000
Sum = 5000
Simple Interest (I) = (P*R)/100
= 5000*2*(4/100)
= 50*2*4 = 400
From the given above options, option (a) ₹400 is your correct answer.
You might be interested in
The domain is
and the range is
Domain is x values (horizontal axis), while range is y values (vertical axis). On a line like this one, domain is calculated from the left most point to the right most, while range is calculated from the down most to the upmost.
Because this line is a solid line rather than a dotted line, less than or equal to
signs are used rather than just
less than signs.
and the range is
Domain is x values (horizontal axis), while range is y values (vertical axis). On a line like this one, domain is calculated from the left most point to the right most, while range is calculated from the down most to the upmost.
Because this line is a solid line rather than a dotted line, less than or equal to
signs are used rather than just
less than signs.