Question

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum ?

Answer 1

Hey mate ^_^

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Answer:
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Here,

d = 48, R = 8

Now,

P = (d * 100^2) / R^2 

=> (48 * 100 * 100) / 8 * 8

=> Rs. 7500

#Be Brainly❤️

Answer 2

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Heya Mate !!!

Your Answer is ; ₹ 7,500.

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Step by Step Explanation ;-
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We know the Formula i.e. ;-

=> p = (d*100^2)/r^2

Here ;-
d = Difference.
r = Rate of Interest.

=> 48 ( 100*100 ) / 8*8

=> ₹ 7,500

Hence , ₹ 7,500 is the right answer.