Hey Guys ...Please Answer the following question as soon as possible !!
The difference between compound interest and simple interest at 5% per annum in 2 years is 30 rupee .Find the sum
Answers
Answered by
1
Answer:
25000
Step-by-step explanation:
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Answered by
1
Answer:
Rs. 2500
Step-by-step explanation:
let the sum be P= Rs. 100
time T = 2 years, rate of interest Rates = 6% per annum
compound amount = P ( 1+R/100)^T
= 100*(1+6/100)^2
= 112.36
therefore the compound interest = compound amount - principal
= 112.36-100=12.36/-
the difference between the compound interest and simple interest = 12.36-12.00
=0.36
if the difference between the CI and Sl is Rs. 0.36 the princepal = Rs. 100
if the difference between the Cl and Sl is Rs. 90 the princepal = 100/0.36*90=25000
thus the sum is Rs. 25000.
hope this can help you ❤
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