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