Question

a sum of money invested for 2 years at rate of 12% per annum compounded annually if it was invested at simple interest , the interest would be rs. 72 less than the compound interest find the sum of money​

Answer 1

Answer:

5000 Rs

Step-by-step explanation:

Compound Interest

{ \tt \pink {A \: = p \times{ (1 + \frac{12}{100} ) }^{2} }}A=p×(1+10012)2

{ \tt \pink {A \: = p \times{ (1 + \frac{12}{100} ) }^{2} - p }}A=p×(1+10012)2−p

Simple interest

\tt \pink { i = \frac{p \times t \times r}{100} }i=100p×t×r

Difference is 72

{ \tt \pink {A \: = p \times{ (1 + \frac{12}{100} ) }^{2} - p - \frac{p \times t \times r}{100} = 72 }}A=p×(1+10012)2−p−100p×t×r=72

\tt \green {p = 5000 \: rs }p=5000rs

hope it is helpful to you

mark as brainliest ...