Rs. 162520.62
Time = 4 years 4 months = 4 4/12 years = 4.33 years Interest rate = 3.5% Interest amount = Rs. 24630 Sum of money is x
x * 4.33*0.035 = 24630 x * 0.15155 = 24630 x = 24630/0.15155 x = 162520.62
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?
A person borrows Rs 75000 for 9 years at 5.5% p.a. simple interest. He immediately lends it to another person at 9.25% p.a. for 9 years. Find his gain in the transaction per year.
