same sum and at the sale o7. Simple interest on a certain sum of money

1.	same sum and at the sale o7. Simple interest on a certain sum of money for4 years at 4% per annum exceeds thecompound interest on the same sum for 3228. Findyears at 5 percent per annum bythe sumfoin sum of money
Answer» u have given wrong answer for wrong statement Principal = PSimple interest = P * 4/100 * 4 years = 0.16 P Compound interest = P * (1 + 5/100)³ = 1.157625 P - P = 0.157625 P Given, 0.16 P - 0.157625 P = Rs 228 P = Rs 94,736. 84

same sum and at the sale o7. Simple interest on a certain sum of money for4 years at 4% per annum exceeds thecompound interest on the same sum for 3228. Findyears at 5 percent per annum bythe sumfoin sum of money

Answer»

u have given wrong answer for wrong statement

Principal = PSimple interest = P * 4/100 * 4 years = 0.16 P

Compound interest = P * (1 + 5/100)³ = 1.157625 P - P = 0.157625 P

Given, 0.16 P - 0.157625 P = Rs 228

P = Rs 94,736. 84