Question

Let us write by calculating on what sum of money, the difference
between simple interest and compound interest for 2 years becomes 80 st 4%. Interest
per annum​

Answer 1

Step-by-step explanation:

S.I=Rs.340,Time=2 years,R=4%

(i)Let the sum of money be rs.x

S.I=

100

PRT

⇒340=

100

x×4×2

⇒x=

4×2

340×100

=Rs.4250ans.