If the compound interest on a certain sum of money for 5 years at 10% per annum be Rs. 993, what would be the simple interest?
Answers:
A) Rs. 1500
B) Rs. 890
C) Rs. 895
D) Rs. 900
E) None
Let P = Principal   Rs. 1500 - Rs. 1500mount   We have a = P(1 + R/100)3 and CI = Rs. 1500 - P   Rs. 1500TQ 993 = P(1 + R/100)3 - P   ? P = 3000/-   Now SI @ 10% on 3000/- for 5 yrs = (3000 x 10 x 5)/100   = 1500/-   Rs. 1500nswer: Rs. 1500.
<result>A</result>
If the compound interest on a certain sum of money for 5 years at 10% per annum be Rs. 993, what would be the simple interest?