Question

1. The difference between simple interest and
compound interest on a certain sum is 254.40
for 2 years at 8 percent per annum. Find the
sum​

Answer 1

Step-by-step explanation:

Lets principle amount is X

So simple intrest fo two year =

100

8×2×X

=

100

16X

And C.A on X amt =X{

100

108

}

2

=

10000

11664X

=

2500

2916

C.I =

2500

2916

-X

Diff of C.I and S.I =

2500

2916

-X-

100

16x

=54.40

so X = 8500