Q10 of 89 Page 14

The difference between the S.I. and C.I. on a certain sum of money for 2 years at 4$ per annum is Rs. 20. Find the sum.

Given,


Rate = 4%


Time = 2 years


C.I – S.I = Rs.20


Let principal = P


So,


=


=


=


=


Hence,


Principal = Rs. 12500


More from this chapter

All 89 →
8

In how much time would Rs. 5000 amount to Rs. 6655 at 10% per annum compound interest?

 9

In what time will Rs. 4400 become Rs. 4576 at 8% per annum interest compounded half-yearly?

 11

In what time will Rs. 1000 amount to Rs. 1331 at 10% per annum, compound interest?

 12

At what rate percent compound interest per annum will Rs. 640 amount to Rs. 774.40 in 2 years?