If the difference between the simple interest | vedclass

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Question

Required difference $=\frac{P 	imes r^{2}}{(100)^{2}}\left(\frac{r}{100}+3ight)$

$\Rightarrow 595.35=\frac{P 	imes 15 	imes 15}{100 	imes 100

Vedclass · Accepted Answer

$8400$

Vedclass · Answer

Required difference $=\frac{P 	imes r^{2}}{(100)^{2}}\left(\frac{r}{100}+3ight)$

$\Rightarrow 595.35=\frac{P 	imes 15 	imes 15}{100 	imes 100}\left(\frac{15}{100}+3ight)=\frac{225 P}{10000} 	imes \frac{315}{100}$

$	herefore P=\frac{595.35 	imes 1000000}{225 	imes 315}= Rs .8400$

If the difference between the simple interest and compound interest earned on an amount @ $15$ $p.c.p.a.$ at the end of $3$ years is $Rs. 595.35$ what is the amount (In $Rs.$) ?

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