Given: Time = 3 years Amount = Rs. 15748 Concept used: S.I = PTR/100 Calculation: Extra interest = 16510-15748 = 762 According to the question, Rs. 762 is for extra 2% for 3 years, So, (2 x 3)% = Rs. 762 100% = 762 x 100/6 = 12700 i.e principal So interest for 3 years = 15748-12700 = 3048 So, 3048=12700 x 3 x r/100 r = 8

CA Foundation doubt

false

3rd

Asked by Satyam20 Nov 2024637 views

1 answer

Shaikh · 20 Nov 2024
Given: Time = 3 years Amount = Rs. 15748 Concept used: S.I = PTR/100 Calculation: Extra interest = 16510-15748 = 762 According to the question, Rs. 762 is for extra 2% for 3 years, So, (2 x 3)% = Rs. 762 100% = 762 x 100/6 = 12700 i.e principal So interest for 3 years = 15748-12700 = 3048 So, 3048=12700 x 3 x r/100 r = 8

Answer or ask in the app Get a CA mentor

Free app · 5 lakh+ learners

Ask your doubt in the Studycaller app

Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.

Get it onGoogle Play Download on theApp Store