1.

The difference between the compound interest and simple interest on Rs. Z at 19% annum for 2 years is Rs.108.3. What is the value of Z?1. Rs.30002. Rs.57003. Rs.29004. Rs.3800

Answer» Correct Answer - Option 1 : Rs.3000

Given:

C.I. - S.I. = Rs.108.3

Rate (R) = 19%

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

⇒ 108.3 = Z × 19 × 19/10000

⇒ Z = Rs.3000

∴ The value of Z is Rs.3000.



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