Question
The compound interest on a certain amount for 2 years at
4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that amount for 2 years at 4% per annum? type-sscSolution
Let the principal amount =1000 Compound interest on 1000 Rs for 2 years at 4%=81.6 ATQ- 81.6=1428 1=1428/81.6 1000= (1428/81.6) ×1000 P=17500 Now- Simple interest for 2 years at 4% per annum = (17500×2 ×4)/100 =1400Rs.
More Simple and compound interest Questions
Find the wrong number in the given number series.
16, 24, 36, 54, 81, 120.5
2 27 43 50 56 57
...6 9 14 22 30 41
...259, 372, 495, 618, 741, 864
Find the wrong number in the given number series.
10, 17, 26, 39, 59, 85
- Find the wrong number in the given number series.
60, 75, 101, 150, 210, 285 171, 86, 87, 132, 266, 668
- In the given number series, find the wrong number.
120, 60, 30, 15, 7.5, 3.25, 1.875 164, 160, 172, 136, 188, 128
42, 61, 78, 93, 102, 109
Relevant for Exams:
