the error made by a clerk in calculating simple interest for 5 months @ 6.5% & compound interest for 6 months @ 5.5%calculated half yearly is 25.40.find the sum?
ans:60690.
kushal goenka
(student)
(156 Points)
Replied 08 September 2011
U CAN SIMPLY FIND C.I AND S.I THEN EQUAL C.I -S.I=25.40 BY SUPPOSING THE SUM X
intermediate(ipc)course
(no)
(1460 Points)
Replied 08 September 2011
if P invested 10% simple interest & q invest 5% compounded annualy after 2 years P & Q interests are sum then
ans:P=41Q/80.
CAclubindia
