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Monica

· started a discussion

· 1 Months ago

Regarding formula (Question: 233130.0 )

What about the formula
p=(CI-PI) * (100/R) ^ T???

Question:
If the difference of compound interest and simple interest for 3 years at the rate of 5% per annum is Rs.11.40, then the principal amount is:
Options:
A) Rs.1500
B) Rs.1475
C) Rs.1395
D) Rs.1495
Solution:

Ans: (d)

sagar

· commented

· 1 Months ago

solve this question using this formula..................

sagar

· commented

· 1 Months ago

please explain further .....................

vijay nara

· commented

· 1 Months ago

shortest trick: CI-SI= P(R/100)^2(R/100 + 3)

Monica

· commented

· 1 Months ago

thanks sushmit

Sushmit Kammili

· commented

· 1 Months ago

that is for 2 years..
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