Question

2. Compute difference between CI and SI on Rs 1000 for 2 yrs. at the rate of 5% pa compounded annually. ​

Answer 1

CI  = 5/6

SI =5+6/8*8

100*6

The real answer is 20

Answer 2

Answer:

₹ 20

Step-by-step explanation:

The difference between the S.I. and C.I. on a certain sum of money for 2 years at 4% per annum is Rs 20. Find the sum.