Question

In what sum of money will the difference between the compound interest and simple
aterest for 2 years be equal to 25 if the rate of interest charged for both is 5% p.a?
he difference between the compound interest for a year payable half-yearly and the​

Answer 1

Answer:

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Step-by-step explanation:

Correct option is

A

10000

Let the principal be Rs. P

Given : R=5%,T=24 years

C.I. for 2 years =P(1+ 1005 )

2 −P

S.I. for 2 years =

100

P×5×2

= 10P

∵ Difference between C.I. and S.P. = Rs. 25

P(1+ 1005 )

2 −P− 10P =25

400441P − 1011P =25

400441P−440P

=25

P=10,000

Hence, the principle should be Rs. 10,000

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