On what sum will the difference between the simple and compound interest for 3 years at 10% p a - Maths - Expansions

Question

On what sum will the difference between the simple and compound
interest for 3 years at 10% p a is ?232 50 ??

Gursheen Kaur · Accepted Answer

Dear Student, Let the sum(P) = Rs
 xAs, we know that,S I
= P×r×t100=x×10×3100=0 3xNow,C
I = x(1+10100)3-xC I = x(1+110)3-x=0
331xTherefore, acc
 to question,     C I -S
I = 232 5⇒0 331x-0 3x=232 5⇒0 031x=232
5⇒x=232 50 031=7500Hence, sum = Rs
 7500Regards!

On what sum will the difference between the simple and compound interest for 3 years at 10% p.a. is ?232.50 ??