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On a Certain Sum of Money, the Difference Between the Compound Interest for a Year, Payable Half-yearly, and the Simple Interest for a Year is Rs.180/- Find the Sum Lent Out, If the Rate of Interest - Mathematics

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प्रश्न

On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is  Rs. 180/- Find the sum lent out, if the rate of interest in both the cases is 10% per annum.

योग
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उत्तर

Let principal p = Rs. 100; R = 10%; T = 1 year

SI = `[100 xx 10 xx 1]/100` = Rs. 10.

CI payable at every 6 months

So, R = `10/2` = 5%

I = `[100 xx 5 xx 1]/100`= Rs. 5

A = 100 + 5 = Rs. 105

For second year

P = Rs. 105  

I = `[ 105 xx 5 xx 1]/100` = Rs. 5.25

Total compound interest = 5 + 5.25 = Rs. 10.25

Difference of CI and SI = 10.25 - 10 = Rs. 0.25

When difference in interest is Rs. 0.25, sum = Rs. 100.

If the difference is Rs. 1 then

sum = `100/0.25`

If the difference is Rs. = 180 then

sum = `100/0.25 xx 180` = Rs. 72,000.

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Compound Interest (Without using formula) - Exercise 2 (B) [पृष्ठ ३३]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 2 Compound Interest (Without using formula)
Exercise 2 (B) | Q 6 | पृष्ठ ३३

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