Question

find the difference between the compounded 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 anually

Answer 1

Answer:

Step-by-step explanation:

Let principal be = P

R= 10 percent

T=2y

S.I=p×r×t/100

Si=p×10×2/100

S.I=1/5p

Answer 2

So the sum(principal) is rupees 50000