CBSE Class 8 Answered
the compound interest on a sum at the rate of 15%for 2 years is 3096 and the simple interest on the same sum for the same period 2880 what will be the amount of sum.
Asked by SAHILKAPOOR | 03 Aug, 2019, 14:58: PM
![begin mathsize 16px style Simple space Interest space equals space fraction numerator straight P cross times straight R cross times straight N over denominator 100 end fraction
rightwards double arrow straight P space equals space fraction numerator 2880 space cross times space 100 over denominator 2 cross times 15 end fraction equals space Rs. space 9600
Therefore space the space amount space of space sum space is space Rs. space 9600. end style](https://images.topperlearning.com/topper/tinymce/cache/cd23f440588c53dc0152b26f8831e7d1.png)
Answered by Yasmeen Khan | 04 Aug, 2019, 13:46: PM
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