CA Foundation doubt
Anyone getting any answer of it or the proper method for it ??

Asked by Nitesh21 Jun 2024424 views
CA Foundation doubt

Asked by Nitesh21 Jun 2024424 views
Om · 21 Jun 2024
Firstly You have to calculate interest for one year(i.e interest ÷ no. of years) then divide that one year interest by rate of interest (in the given question 500 is total interest for 2.5 years and there are same sum invested at 4% higher rate this means 500 is 4% of that sum for 2.5 years) therefore 1 interest =200(500÷2.5) Sum =200÷4%=5000
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