ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    The excess of compound interest (annual compounding)

    over simple interest on a principal for 2 years at 10% p.a. is Rs. 200. Find the principal.
    A Rs.25000 Correct Answer Incorrect Answer
    B Rs.20000 Correct Answer Incorrect Answer
    C Rs.10000 Correct Answer Incorrect Answer
    D Rs.30000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    let the sum = Rs. x x(1 + 10/100)┬▓ тАУ x тАУ x ├Ч 10% ├Ч 2 = 200 121x/100 тАУ x тАУ x/5 = 200 (121x/100 тАУ 100x/100) тАУ 20x/100 = 200 x/100 = 200 x = Rs. 20000

    Practice Next
    More Simple and compound interest Questions
    ask-question