Question
When Rs.6400 funded at SI of 12% p.a for certain
years which gives an interest of Rs.3840. If Rs.5000 is invested at CI compounded annually of 10% p.a for 3 years less than the time for which Rs.6400 was funded. Find the compound interest earned on Rs.5000.Solution
ATQ, we can say that S.I = ((P x R x T)/100) 3840 = 6400 x 12/100 x T T = 5 years Rs.6400 is invested for 2 years at 10% p.a. CI. Required interest = Rs 1050
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