Practicing Success
Practicing Success
CUET Preparation Today
If the compound interest on a sum at the rate of 5% p.a. for 2 years is Rs. 10250, then find simple interest of same amount for same year and same rate of interest. |
10000 12000 13000 14000 |
10000 |
C.I. @ 5%pa for 2 years = 10.25% S.I. @ 5%pa for 2 years = 10% ATQ, ⇒ P × 10.25% = 10250 ⇒ P × 1% = \(\frac{10250}{10.25}\) = 1000 ⇒ P × 10% = 1000 × 10 = 10000 |
