4. On what sum of money does the difference between the simple interest and compound interest in 2 years at 5% per annum is ₹ 15 ?
Answers
Answered by
1
Step-by-step explanation:
S.I=
100
PRT
=
100
P(5)(2)
=0.1P
C.I=P[(1+
100
R
n
)−1]=P(1.05
2
−1)=0.1025P
C.I−S.I=0.0025P=15
⇒P=6000Rs
Similar questions