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5. The difference between simple and compound interest on the same sum of money at 6 2/3% for3 years is 184. Determine the sum.Sorry its a maths questionPlease fast solve it |
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Answer» 13500Step-by-step explanation:let the SUM be xtherefore,CI = P(1+R/100)^t - PSI = P×R×T/100hence,CI - SI = P(1+R/100)^t - P - (P×r×t/100)orCI - SI = P{(1+r/100)^t - 1) - rt/100}184 = P {(1+20/3/100)^3- 1) - 20/3 × 3/100}184 = P{(4096/3375 - 1) -1/5}184 = P{721/3375 -1/5}184 = P(46/3375)P = 3375/46 × 184P = 13500Mark as Brainliest |
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