Solve sum no 29 29 The difference between the compound interest for a year payable half-yearly and - Maths - Compound Interest

Question

Solve sum no 29

29 The difference between the compound interest for a year payable
half-yearly and the simple interest on a certain sum of money lent
out at 10% for a year is â‚¹15 Find the sum of
money lent out

Palak Srivastava · Accepted Answer

Dear student

CI-SI=15SI= PRT100=P×10×1100=P10A = P1+r2002t=P1+102002=441400PCI = A-P=441400P-P=41400PSo, CI-SI=41400P-P10=1541P-40P400=15P = Rs
 6000
Regards

Solve sum no. 29 29. The difference between the compound interest for a year payable half-yearly and the simple interest on a certain sum of money lent out at 10% for a year is ₹15. Find the sum of money lent out.

Solve sum no. 29

29. The difference between the compound interest for a year payable half-yearly and the simple interest on a certain sum of money lent out at 10% for a year is ₹15. Find the sum of money lent out.