Question

5. On what sum of money will the difference between the simple interest and the compound interest for 2 years at 5% per annum be equal to rs 50 ?
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Answer 1

Answer:

Rs. 20,000

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

$differnce \: between \: si \: and \: ci \: = \: principle \times {(r)}^{2} \div {(100)}^{2}$

$difference \: = 50 \: \: r = 5 \: \: and \: principle \: = \: ..$

$50 = p \times {(5)}^{2} \div {(100)}^{2}$

$50 = p \times 25 \div 10000$

$principle = 50 \times 10000 \div 25$

$principle = 50 \times 400$

$principle = 20000$

$therefore. \: principle \: is \: 20000$