Question

6. Find the sum on which the difference between
the simple interest and the compound interest
at the rate of 8% per annum compounded
annually be * 64 in 2 years.

so urgent please​

Answer 1

Answer:

rs 1000 ans

Step-by-step explanation:

let rs x be the sum

SI = x*8*1/100

= 0.08x

compound interest

for 1st year

P=rs x,R=8%,T=1

CI = x*8*1/100

= 0.08x

for 2nd year

P=rs x+rs 0.08x=rs 1.08x

CI =1.08x*8*1/100

=0.0864x

the difference

rs 0.08x-0.0864x=64

0.0064x=64

x=1000

hence the sum is 1000