Practicing Success
If compound interest on a certain sum for 3 years at rate of 12.5% p.a. is Rs. 151.90. Then find double of principal. |
910.80 358.40 716.8 880.60 |
716.8 |
12.5% = \(\frac{1}{8}\) For 3 years Principal : Amount I 8 : 9 II 8 : 9 III 8 : 9 for 3 yrs.⇒ 512 : 729 C.Int. = 729 - 512 = 217 217R = 151.90 (given) 1R = 0.7 Principal ⇒ 512R = 512 × 0.7 = 358.4 Double of principal = 358.4 × 2 = 716.8 |