Question

difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is rupees 500 find the sum when the interest is compounded annually​

Answer 1

Answer:

Rs 50,000

Step-by-step explanation:

differencebetween S.I and C.I for 2yrs  =  500

           pi²  = 500

      p x(10/100 )²  = 500

        p x 1/10 x 1/10  = 500

                    p = 500 x 10 x 10

                       = Rs. 50000