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A certain sum of money, invested for 5 years at 8% p.a. simple interest, earns an interest of Rs. 12000. Find: (i) the sum of money (ii) the compound interest earned by this money in two years and at 10% p.a. compound interest. |
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Answer» A certain sum of money, invested for 5 years at 8% p.a. simple interest, earns an interest of Rs. 12000. Find: (i) the sum of money (ii) the compound interest earned by this money in two years and at 10% p.a. compound interest. |
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