Sarang invested some money in HDFC
Sarang invested some money in HDFC at 4% per annum rate of interest. What would be the corresponding simple interest(in₹) if after 2 years, Sarang got ₹153 as compound interest, considering annual compounding?
सारंग ने HDFC में 4% वार्षिक ब्याज दर पर कुछ धनराशि का निवेश किया। यदि 2 वर्षो के बाद, सारंग को वार्षिक रूप से चक्रवृ्द्धि होने वाले चक्रवृ्द्धि ब्याज के रूप में ₹153 प्राप्त होता है, तो संगत साधारण ब्याज (₹ मेंं) कितना होगा?
Detailed Solution & Logic
150
Rate = 4% p.a., Time = 2 years
For 2 years,
CI = $ P\left[\left(1+\frac{4}{100}\right)^2 - 1\right] = 0.0816P $
Given CI = ₹153
P = $ \frac{153}{0.0816} = 1875 $
Now,
SI = $ \frac{1875 \times 4 \times 2}{100} = ₹150 $
Answer = ₹150
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