Question

if the difference between the ci and si for 2 years at 12 percentage pa compound annually is 108 find the sum borrowed​

Answer 1

Answer:

Sum Borrowed = 7500

Step-by-step explanation:

If the difference between the ci and si for 2 years at 12 percentage pa compound annually is 108 find the sum borrowed​

Difference of Rs 108 inetrest is because of Interest on Interest Earned on 1st Year in Compound interest

=>  interest 1 year * 12 * 1 /100  = 108

=>  interest for 1 st year = 900

P * 12 * 1 / 100 = 900

=> P = 7500

Sum Borrowed = 7500

Verification

SI = 7500 * 12 * 2 /100 = 1800

CI = 7500 * (( 1 + 12/100)² - 1) = 1908

Difference = 1908 - 1800 = 108

Answer 2

Answer:

7500 is your answer

Step-by-step explanation:

Hope you are helped