A sum of Rs 50000 amounts to Rs 75000 at a certain rate of simple interest in 5 yrs. Find the sum of money that amounts to Rs 96800 at the same rate of compound interest in 2 yrs.

Question

Arun · Answer

Dear student 25000 = 50000* r/100 * 5 r = 10 % now 96800 = x( 1 + 10/100)^2 96800/x = 1.21 x = 80000 Hope it helps

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A sum of Rs 50000 amounts to Rs 75000 at a certain rate of simple interest in 5 yrs. Find the sum of money that amounts to Rs 96800 at the same rate of compound interest in 2 yrs.

A sum of Rs 50000 amounts to Rs 75000 at a certain rate of simple interest in 5 yrs. Find the sum of money that amounts to Rs 96800 at the same rate of compound interest in 2 yrs.

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A sum of Rs 50000 amounts to Rs 75000 at a certain rate of simple interest in 5 yrs. Find the sum of money that amounts to Rs 96800 at the same rate of compound interest in 2 yrs.

A sum of Rs 50000 amounts to Rs 75000 at a certain rate of simple interest in 5 yrs. Find the sum of money that amounts to Rs 96800 at the same rate of compound interest in 2 yrs.

1 Answers

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