Question

(ii) The compound interest
on a sum of money for 2 years is Rs. 204 and the simple interest is Rs. 200.find the rate and sum

Answer 1

Answer:

si=per year 100

ci=first year 100 and second year 104

so rate of interest is 4%

sum= difference between ci and si(100/R)square

4×10000/16=2500