Question

if the difference between simple and compound intrest earned on a sum of money at 5% p.c.p.a. for 2 yrs is rs. 16 find the principal​

Answer 1

Answer: marka sbrainliesta nd follow me

Step-by-step explanation: If the difference between compound and simple interest is of two years than,

Difference = P(R)²/(100)²

Where P = principal amount, R = rate of interest

If the difference between compound and simple interest is of three years than,

Difference = 3 x P(R)²/(100)² + P (R/100)³.

Here also, P = principal amount, R = rate of interest

Answer 2

Answer:

Plz Plz Plz requesting to you plz follow me