English, asked by kurmipriyanshu2007, 6 months ago

if the difference between the compound interest and simple interest for 2 years at 12% per annum compounded annually is rupees 108 find the sum borrowed
ans 7500

Answers

Answered by gentryamansharma51
6

Answer:

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Explanation:

Let P be the sum borrowed.

n = 2 years and r = 5% p.a.

According to the question,

CI - SI = 12

P(1 + r)n - P - Pnr/100 = 12

P[(1 + r)n - 1 - 2r/100] = 12

P[1.052 - 1 - 2 × 5/100] = 12

P × 0.0025 = 12

P = Rs. 4800

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