1.

The difference between the compound interest and simple interest on Rs. P at 17% per amount for 2 years is Rs.1445. The value of P is:1. Rs.289002. Rs.510003. Rs.500004. Rs.45000

Answer» Correct Answer - Option 3 : Rs.50000

Given:

C.I. - S.I. = Rs.1445

Rate (R) = 17%

Time = 2 years

Formula used:

The difference between S.I. and C.I. for 2 years = PR2/(100)2

Where P → Principal

R → Rate

Calculations:

According to the question,

The difference between the compound interest and simple interest for 2 years = PR2/(100)2

⇒ 1445 = P × 17 × 17/10000

⇒ P = Rs.50000

∴ The value of P is Rs.50000.



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