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If the difference between the compound and simple Interests on a certain sum of money for 3 years at 5% per annum is Rs.15,25. then the sum is

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If the difference between the compound and simple Interests on a certain sum of money for 3 years at 5% per annum is Rs.15,25. then the sum is
1). Rs.2.000
2). Rs.1.000
3). Rs.1.500
4). Rs.2.500

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2 answers

2 vote
Answered by on | Votes 2 |
right answer is Rs.2.000

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0 vote
Answered by on | Votes 0 |

 This is the right answer

Difference between C.I. and S.I
for 3 years

P = $\frac{15.25\times400\times400}{305}$

= 2000




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