Elitmus
Exam
Numerical Ability
Simple & Compound Interest
on a certain sum of money lent out at 16% p.a the difference between the c.i for 1 year,payable halfyearly and s.i for 1 year is rs56.then the sum is
Read Solution (Total 1)
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- effictive rate of CI=16.64 % for half yearsly basis
effective rate of SI= 16%
diff=16.64-16= 0.64%
so 0.64%=56
100%=8750 Rs. - 2 years agoHelpfull: Yes(0) No(0)
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