1 Principal CI for t1 years y. R 3 14 T 3 4 years since beyond 5 years rate is 14 and Simple interest 11400. Let the principal amount be equal to P.
Also the answer key and explanations are given for the same.
In these PDF we have included previous year Simple and Compound Interest questions with detailed solution. An amount of money grows upto Rs 3000 in 3 years and upto Rs 4000 in 4 years on compound interest. Definition Of Compound Interest. It will take approximately 79 years for the account to go from 5000 to 8000.