Question

is the difference between the CI and si for 2 years at 5% per annum compounded annually on a certain sum of money is rupees 12 find the sum​

Answer 1

Answer:

CI-SI=Rs12

P{(1+r/100)^n-1} - P*R*T/100=Rs12

By solving

41P/400-P/10=Rs12

41P-40P/400=RS 12

P=Rs 12*400

P=Rs4800