the c.i on a certain sum of money at certain rate per annum for 2 years is 2050 and s.i on the same amount of money at the same rate for 3 years is rs3000.then what is the sum of money

• S.I = P*T*R/100
  3000=P*3*R/100
  =>P*R=100000..................(1)
  CI= P(1+R/100)^2 - 1)
  CI= 100000/R(10000+R^2+200R - 10000))/10000
  CI=10(200+R)
  205=200+R
  NOW
  R= 5%
  
  HENCE
  P*5 =100000
  P=20000
• 7 years agoHelpfull: Yes(1) No(0)