Question

3- The difference between the simple interest and compound interest on a sum put out for 2 years
at 5% was Rs 6.90. Find the sum​

Answer 1

Answer:

2760 ₹

Step-by-step explanation:

1 Yr SI = SI × 5/100 = 6.90

SI = 138

we know that, sum × 5% = 138

sum × 1/20 = 138

sum = 138 × 20

sum = 2760 ₹

Answer 2

Answer:

(i) The difference between the simple interest and compound interest on a sum put out

for 2 years at 5% was Rs.6.90. Find the sum.