If the compound interest on a certain sum for | vedclass

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Question

According to the question $\Rightarrow CI - SI =183$

Here, $SI =\frac{ P 	imes 5 	imes 3}{100}=\frac{3 P }{20}$

$\Rightarrow \quad C I=P\left[

Vedclass · Accepted Answer

$24000$

Vedclass · Answer

According to the question $\Rightarrow CI - SI =183$

Here, $SI =\frac{ P 	imes 5 	imes 3}{100}=\frac{3 P }{20}$

$\Rightarrow \quad C I=P\left[\left(1+\frac{5}{100}ight)^{3}-1ight]=P\left[\left(\frac{21}{20}ight)^{3}-1ight]=P\left[\frac{1261}{8000}ight]$

Putting values of

(ii) and (iii) in (i):

$\Rightarrow \frac{1261}{8000} P -\frac{3 P }{20}=183 \Rightarrow \frac{1261 P }{8000}-\frac{1200 P }{8000}=183$

$\Rightarrow 61 P=183 	imes 8000 \Rightarrow P=R s .24000$

If the compound interest on a certain sum for $3$ years at $5 \%$ p.a exceeds the simple interest on the same sum and for the same time and at the same rate by $Rs. 183,$ find the sum. (In $Rs.$)

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