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Our related question with answer
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?
CI - SI = Principle * (rate of interest^2)*( 300 + rate of interest )/100^3 for 3 years
Principle = 138.375 * (100^3) / ( 7.5^2 * (300 + 7.5)) = 8000/-.
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?
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?
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?
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