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On What Sum Will the Difference Between Compound Interest and the Simple Interest for 3 Years at 12% Be Rs 1,123.20?

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प्रश्न

On what sum will the difference between compound interest and the simple interest for 3 years at 12% be Rs 1,123.20?

योग
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उत्तर

P = x ; t = 3 years ; r = 12 % For S.I.:

I = `("P" xx "r" xx "t")/100` 

`= ("x" xx 12 xx 3)/100`

`= (9"x")/25`

For C.I. :

C.I. = `"P" (1 + "r"/100)^"t" - "P"`

`= "x" (1 + 12/100)^3 - "x"`

`= "x" (1 + 3/25)^3 - "x"`

= (x × 1.12 × 1.12 × 1.12) - x

=1. 404928x - x

= 0.404928 x 

Given C.1.- S. I. = Rs 22.50 

⇒ 0.404928 x - `(9"x")/25` = Rs 1123.20

⇒ 0.404928 x - 0.36 x = Rs 1123.20

⇒ 0.044928 x = Rs 1123.20

⇒ x = Rs 25000

Hence, sum = Rs 25,000 

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Finding CI from the Relation CI = A – P
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