on the sanle suIITTOIrate of interest per annum.6.)On what sum will th

1.	on the sanle suIITTOIrate of interest per annum.6.)On what sum will the difference between the simple and compound interest for 3for 3 years is 1080 and the compound intereat 10% pa, is232.50?ain cuum
Answer» Let the sum be x. SI = x * 3 * 10 / 100 = 30x/100=0.3x CI = x[1+ 10/100]^3 – x → 0.331x Therefore, (0.331-0.3)x = 232.5 Solving which gives x,sum = 7500

on the sanle suIITTOIrate of interest per annum.6.)On what sum will the difference between the simple and compound interest for 3for 3 years is 1080 and the compound intereat 10% pa, is232.50?ain cuum

Answer»

Let the sum be x.

SI = x * 3 * 10 / 100 = 30x/100=0.3x

CI = x[1+ 10/100]^3 – x → 0.331x

Therefore, (0.331-0.3)x = 232.5

Solving which gives x,sum = 7500