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ICSE Class 9 Answered

The simple interest on a sum of money for 2 years at 12% p.a is RS 1380 . Find : 1. The sum of money  2. Compound interest on this sum for one year payable half yearly at the same rate.
Asked by Kanwaranita10 | 04 Mar, 2018, 09:17: AM
answered-by-expert Expert Answer
begin mathsize 16px style 1380 equals fraction numerator straight P cross times 2 cross times 12 over denominator 100 end fraction straight P equals 5750 rs Compound space interest straight A equals 5750 open parentheses 1 plus 12 over 100 close parentheses squared equals 7212.8 Interest equals 7212.8 minus 5750 end style
Answered by Arun | 04 Mar, 2018, 01:26: PM

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