Mathematics
Two equal sums were lent at 5% and 6% per annum compound interest for 2 years. If the difference in the compound interest was ₹422, find :
(i) the equal sums
(ii) compound interest for each sum.
Related Questions
A man invests ₹3072 for two years at compound interest. After one year the money amounts to ₹3264. Find the rate of interest and the amount due at the end of 2nd year.
What sum will amount to ₹28090 in two years at 6% per annum compound interest? Also find the compound interest.
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?