Tech Mahindra
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Numerical Ability
Simple & Compound Interest
If the difference between compound interest (interest compounded yearly)and simple interest on a sum for 2 years at 10% p.a. is Rs.150 then sum is
a) Rs.12,000
b) Rs.15,000
c) Rs.13,000
d) Rs.10,000
Read Solution (Total 2)
-
- compund interest = p[1+r/100]^t-p
CI = p[21/100]
simple interest = ptr/100
SI = p[20/100]
difference p[21/100]-p[20/100] = 150
p=15,000 - 8 years agoHelpfull: Yes(0) No(0)
- how did u got 21 over there at compound intrest
- 7 years agoHelpfull: Yes(0) No(0)
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