Question

Different between CI and SI is 48, R=20%,N=2 year, P=?

Answer 1

Let P be x
R= 20%
T= 2 yrs
S.I.= x×2×20/100
2x/5
C.I.= x(1+20/100)-x
120x/100-100
20x/100
x/5
B/C,
or, 2x/5-x/5 = 48
or, x/5= 48
or, x= 48×5
or, x= 240
Hence, the principal is 240