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
![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](https://images.topperlearning.com/topper/tinymce/cache/0c77e80e416eb0225aac11b2d7775f62.png)
Answered by Arun | 04 Mar, 2018, 13:26: PM
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