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CA Foundation doubt

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

Image attached to the doubt: Anyone getting any answer of it or the proper method for it ??

Asked by Nitesh21 Jun 2024424 views

1 answer

  1. 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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