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Please answer the questions please and explain it also! if you want brainlist so answer questions please! |
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Answer» The simple interest and compound interest on a certain sum of money is Rs 400 and Rs 410 respectively for 2 yrs. find principal and rate of interest? Step-by-step explanation: Simple Interest (I) = Rs 400 Compound Interest (C.I) = Rs 410 Time (t) = 2 yr Principal (P) Rate of interest (R) LET, the principal be Rs x and the rate of interest be y % per annum. Again, Now, DIVIDING (ii) by (i) I get, HENCE, the required rate of interest is 5% . So, Hence, the required Principal is Rs 4000. Where, I = Simple Interest P = Principal t = time r = rate of interest Where, C.I = Compound Interest |
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