1.

The simple interest on certain sum of money for 2 years at 14 percent p.a is 2100 find C.I on sum money

Answer»

<P>let p be x

so simple interest=

x*2*14/100=7/25x

but simple INEREST is 2100

so 2100=7/25x

x=2100*25/7=7500

ci=p(1+r/100)*t

7500(1+14/100)*2

7500*114/100*114/100

9747

amount=9747

so ci=9747-7500

2247



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