Question
The difference between compound and simple interest on a
sum of money for 2 years at 4% per annum is Rs. 728. The sum is:Solution
Difference of compound interest and simple interest for 2 years = P(R/100)2 = P (4/100)2 ⇒  728 = P (1/625) ⇒  P = 728 × 625 = Rs. 4,55,000
More Simple and compound interest Questions
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...- Find the wrong number in the given number series.
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27, 38, 52, 70, 94, 122 210, 140, 105, 84, 70, 63, 52.5
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Find the wrong number in the given number series.
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