Question

04
8. The difference between simple interest and compound interest on a certain sum of money at 20%
per annum for 2 years is Rs 48. Find the principal.
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Answer 1

Step-by-step explanation:

Difference = PR^2/100^2

48= (P*20*20)/(100*100)

48 = P/25

P = 48*25 = 1200

Answer 2

Hope it helps you...★