the simple interest on a certain sum of money for 2 years is rupees 160 at 4% per annum find the compound interest on the same sum of money

Question

the simple interest on a certain sum of money for 2 years is rupees 160 at 4% per annum find the compound interest on the same sum of money at 5 per annum for 2 years when the interest is compounded annually
in detail please

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Peyton 1 month 2021-09-16T15:52:15+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-09-16T15:53:17+00:00

    Answer: Let the sum=P Rs.

    S.I=50 Rs.

    Rate of interest=5 %

    Time =2 years.

    S.I=  

    100

    P×R×T

    ​  

     

    50=  

    100

    P×5×5

    ​  

     

    P=  

    5×2

    50×100

    ​  

    =500Rs.

    C.I. of 500 Rs

    Amount=500(1+  

    100

    5

    ​  

    )  

    2

     

    ⇒500×  

    100

    105

    ​  

    ×  

    100

    105

    ​  

     

    ⇒500×  

    20

    21

    ​  

    ×  

    20

    21

    ​  

     

    ⇒551.25

    C.I=551−500−51.25Rs.

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    0
    2021-09-16T15:53:42+00:00

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