Difference between C.I and S.I for 2 year case is = sum × (rate in percentage)^2 /10000 = 48 Therefore Sum = 48 × 10000 / 4^2 = 40000/-
The difference between simple and compound interests compounded annually on a certain sum of money for 4 years at 6.5% per annum is Rs. 1191. What is the value of the sum?
If difference between simple interest and compound interest of certain sum of money for 3 years at 7.5% per annum is Rs 138.375 then what is the sum?
What is the absolute difference between simple and compound interests compounded annually on 20000 for 2 years at 5% per annum?
If difference between simple interest and the compound interest on a certain amount of money for 3 years at 10% per annum is Rs. 46.50. Then what is the value of sum?
