If the difference between the compound interest and simple at 17% on a sum money for 2 years (compounded annually) is Rs. 433.50, then the compounded interest (in Rs.) is:

Solution (By Examveda Team)

$$\eqalign{ & {\text{CI}} - {\text{SI}} = \frac{{17 \times 17}}{{100}} = 2.89\% \cr & 2.89\% \to 433.50 \cr & 1\% \to 150 \cr & 100\% \to 15000 \cr & {\text{CI}} = 17 + 17 + 2.89 = 36.89\% \cr & 36.89\% \to 150 \times 36.89 = 5533.50 \cr} $$