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The Simple Interest on a Certain Sum for 3 Years at 4% is Rs 600. Find the Compound Interest for the Same Sum at the Same Percent and in the Same Time. - Mathematics

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प्रश्न

The simple interest on a certain sum for 3 years at 4% is Rs 600. Find the compound interest for the same sum at the same percent and in the same time.

योग
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उत्तर

Since, Simple interest

= `("P" xx "r" xx "t")/(100)`

⇒ 600 = `("P" xx 4 xx 3)/(100)`

⇒ P = `(60000)/(12)`

= 5000
Now for C.I., P = Rs.5000, r = 4%, t = 3 years
Amount
= `"P"(1 + "r"/100)^"t"`

= `5000(1 + 4/100)^3`

= `5000 xx (26/25)^3`

= 5624.32
Hence, Amount = Rs.5624.32
Also, C.I.
= A - P
= Rs.5624.32 - Rs.5000
= Rs.624.32.

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अध्याय 3: Compound Interest - Exercise 3.2

APPEARS IN

फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.2 | Q 10

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