If the difference between compound and simple interest for one and half year is Rs.2450/- at the rate of 12.5% p.a. compounded half yearly, then find principal? |
Rs. 204800 Rs. 245260 Rs. 29854 Rs. 40962 |
Rs. 204800 |
Interest is compounded half yearly, hence time will be double and rate of interest will be half. So, Time = 3 Years, and R = \(\frac{12.5}{2}\) = 6.25% 6.25% = \(\frac{1}{16}\) Let the principal = 4096 Hence, 49 Units = 2450 4096 Units = \(\frac{2450}{49}\) × 4096 = 204800 |