Question

Find the sum on which the difference between the simple interest and the Compound interest at the rate of interest 8% per annum compounded Annually be 54 in 2 years.​

Answer 1

Answer:

Hope it helps

Step-by-step explanation:

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

Answer 2

Answer:

I dont know

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