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A sum amounts to ₹1377 in 14 years at 5% pa find the sum |
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Answer» D) Rs. 100 Description for CORRECT answer: Time = 2 years Rate = 4% COMPOUND lnterest = Rs.102 NOTE:NOTE: CI for 2 years =R+R+R×R100R+R+R×R100 Where R - Rate of Interest Combined Rate% of CI for 2 years =4+4+4×4100=8.164+4+4×4100=8.16% SI for two years =2×4=8%2×4=8% According to the question SI for 2 years =1028.16×8=Rs.1001028.16×8=Rs.100 Hence, required simple interest = Rs. 100 |
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