top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

    Get Free Puzzle Updates

Facebook Login
Site Registration

If difference between simple and compound interests on a sum for 2 years at 4% per annum is Re. 48 then what is the sum?

0 votes
68 views
If difference between simple and compound interests on a sum for 2 years at 4% per annum is Re. 48 then what is the sum?
posted Apr 6, 2017 by anonymous

Share this puzzle
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

Difference between C.I and S.I for 2 year case is
= sum × (rate in percentage)^2 /10000 = 48
Therefore
Sum = 48 × 10000 / 4^2 = 40000/-

answer Apr 6, 2017 by Tejas Naik



Similar Puzzles
0 votes

The difference between simple and compound interests compounded annually on a certain sum of money for 4 years at 6.5% per annum is Rs. 1191. What is the value of the sum?

0 votes

If difference between simple interest and compound interest of certain sum of money for 3 years at 7.5% per annum is Rs 138.375 then what is the sum?

0 votes

If difference between simple interest and the compound interest on a certain amount of money for 3 years at 10% per annum is Rs. 46.50. Then what is the value of sum?

+1 vote

If difference between the compounded interest and the simple interest on a certain sum at 10% per annum for 2 years is Rs.52, then what would be the the sum?

Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...