Mathematics
The simple interest on a certain sum for 3 years is ₹1080 and the compound interest on the same sum at the same rate for 2 years is ₹741.60. Find :
(i) the rate of interest
(ii) the principal.
Related Questions
The compound interest on a sum of money for 2 years is ₹1331.20 and the simple interest on the same sum for the same period at the same rate is ₹1280. Find the sum and the rate of interest per annum.
On what sum will the difference between the simple and compound interest for 3 years at 10% p.a. is ₹232.50?
In what time will ₹2400 amount to ₹2646 at 10% p.a. compounded semi-annually?