Question
The simple interest on Rs. βpβ at 15% p.a. for 2
years is 450 more than the simple interest on Rs. (p + 1000) at 10% p.a. for 2.5 years. Find the compound interest on Rs. 'p' at 10% for 2 years.Solution
According to the question, x Γ 15% Γ 2 β (x + 1000) Γ 10% Γ 2.5 = 450 0.30x β 0.25x β 250 = 450 0.05x = 700 x = 14000 Required compound interest = 14000(1 + 10/100)2 β 14000 = 16940 β 14000 = Rs.2940
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