Question

Difference of the compound interest received in first year and second year at 20% per annum at CI is Rs 1200 then find the sum?

Answer 1

Explanation:

first year intrest=20%

second year intrest=24%

difference= 24-20=4%

so 4%=1200

initial sum =100%=4%*25

ans=1200×25

=30000