1. If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be
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- By: anil on 05 May 2019 01.56 amLet the Rate of Interest be R and Principal Amount be Rs P So, R = 12% Time Period (T) = 2 years Compound Interest = P$$(1 + frac{R}{100})^T$$ - P 2544 = P$$(1 + frac{12}{100})^2$$ - P P = Rs 10000 Now SI with same rate of interest = $$frac{P imes R imes T}{100}$$ = $$frac{10000 imes 12 imes 2}{100}$$ = Rs 2400
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