Find the difference between compound interest and simple interest on ₹ 10,000 at 25% per annum for 2 years.
Answers
Answered by
2
Answer:
Let the sum be Rs.P
Time =2year
Rate=8%
S.I for 2 years=
100
P×8×2
=
25
4P
C.I for 2 years=[P(1+
100
8
)
2
]−P
⇒[P×
100
108
×
100
108
]−P
⇒
625
729P
−P=
625
104P
According to the question
⇒
625
104P
−
25
4P
=64
⇒
625
104P−100P
=64
⇒4P=64×625
⇒P=
4
64×625
=Rs.10000
PLZ MAKE ME BRAINLIST
Similar questions