The difference between the interest earned under compound interest, interest being compounded annually and simple interest for two years on the same sum and at the same rate of interest is Rs.25.60. Find the sum if the rate of interest is 8% p.a.

  • Option 1)

    Rs.2000

  • Option 2)

    Rs.2200

  • Option 3)

    Rs.3200

  • Option 4)

    Rs.4000

  • Option 5)

    Rs.2500

Answers (1)
R rishi raj

Difference between S.I and C.I = 25.60 Rs.

Because B is calculated A  at same rate at which A is calculated On P

i.e 8%

so B is 8 % of A , then A

= (\frac{25.60}{8} ) \times 100 = 320

And A is 8 % of p then P = 320 / 8 = 4000\, Rs.

Exams
Articles
Questions