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Sanjeet Sahani

· started a discussion

· 1 Months ago

video solution (Question: 95346.0 )

please give video solution.It is not clear seeing the solution

Question:
The difference between simple and compound interest for the fourth year is Rs 7280 at 20% p.a. What is the sum?
Options:
A) Rs. 10,000
B) Rs. 50,000
C) Rs. 1,00,000
D) Rs. 40,000 
Solution:

Alternatively:

 

Initially

Ist

Year

IInd

Year

IIIrd

year

IVth

year

SI

10000

12000

14000

16000

18000

CI

10000

12000

14400

17280

20736

CI for 4th  year = 20736—17280 = 3456

SI for 4th  year = 2000

Difference between CI and SI = 1456 for Rs 10000

So, the difference of Rs 7280 is for Rs 50,000

Knowledge Expert

· commented

· 1 Months ago

Dear student,
Detail solution is already given.
Keep learning,
Team TR

Knowledge Expert

· commented

· 1 Months ago

Dear Student,

Currently video solution is not available we may avail it soon. thanks to show interest. you may point the step which you are not getting in the given solution so that we can explain that step to you.

Keep learning with us!
Best wishes
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