Question

Find the sum on which the difference between
the simple interest and the compound interest
at the rate of 8 per annum compounded annually be ₹64 in 2 years​

Answer 1

Step-by-step explanation:

si for two year = 8+8=16%

ci for two year = 8+8+ 8×8/100

a.t.q

416/25% of P - 16% of P = 64

16/25 % of P = 64

p = 64× 25 × 100 / 16

p= 100×100

= 10000