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Simple Interest On A Sum Of Money For 4 Years At 7 P.c.p.a Is Rs. 3584/-. What Would Be The Compound Interest (compounded Annually) On The Same Amount Of Money For 2 Years At 4p.c.p.a? |
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Answer»
Therefore, 3584 = (P * 7 * 4) / 100 => P = 12800/- CI = 12800(1 + (4/100))2 - 12800 => 13844.48 - 12800 = 1044.48/- Let P be the sum Therefore, 3584 = (P * 7 * 4) / 100 => P = 12800/- CI = 12800(1 + (4/100))2 - 12800 => 13844.48 - 12800 = 1044.48/- |
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