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  • 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

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.2500


Option: 3

Rs.3200


Option: 4

Rs.4000


Answers (1)

best_answer

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
= (25.60/8 ) x 100 = 320
And A is 8 % of p then P = 320 / 8 = 4000 Rs.

 

Posted by

Sanket Gandhi

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