If the difference of the compound interest and the simple

If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10%.

Given in question , C.I. - S.I. = Rs. 186 , Time = 3 years , Rate = 10%
Using the given formula ,

For 3 years , C.I. − S.I. = P		r		²		r	+ 3
		100				100

⇒ P		10		²		10	+ 3		= 186
		100				100

⇒ P		1		×	31	= 186
		100			10

⇒ P =	186 × 1000	= Rs. 6000
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