Gujarati
Hindi
6.Interest
easy

Difference between simple interest and compound interest on a certain sum for $3$ years at $5 \%$ per annum is ₹ $122 .$ Find the sum (In ₹ )

A

$14000$

B

$16000$

C

$18000$

D

$20000$

Solution

$\sin m=\frac{\text { Difference } \times 100^{3}}{r^{2}(300+r)}=\frac{122 \times 100^{3}}{5^{2}+(300+5)}=\frac{122}{61} \times\left(\frac{100}{5}\right)^{3}=2 \times 8000=₹ 16000$

Standard 13
Quantitative Aptitude

Similar Questions

Start a Free Trial Now

Confusing about what to choose? Our team will schedule a demo shortly.