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sharan

· started a discussion

· 1 Months ago

provide tricky method for this (Question: 215353.0 )

this is very time consuming

Question:

What sum will give Rs. 228 as the difference between simple interest and compound interest at 8 % p.a. in 1\(\cfrac{1}{2}\) years compound half yearly?

Options:
A) Rs. 156250
B) Rs. 46875
C) Rs. 62500
D) Rs. 31250
Solution:
Ans: (b)


For Video Solution Click on the link given below:

Chhaya Dolia

· commented

· 1 Months ago

Thanks for the below solution.

ALEX

· commented

· 1 Months ago

Assume Rate 4% for half year so Three intervals ie 3 years

Formual for 3 year difference:

Difference = Pi^2 (3 + r/100) Where i = r/100

228 = P 16/10000 x 304/100

P = 25^3 x 3

P = 15625 x 3

P = 46875



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