Accountancy, asked by rajrishav1277, 1 year ago

On a certain sum of money , the simple interest for 2 years is rs. 200 at the rate of 7% per annum. find the difference in

c.i. and s.i.

Answers

Answered by CHATURVEDIAYUSHI789
0

Answer:

P=Rs.20,000

n=2

Let the rate be r

then

SI=

100

P×r×t

SI=

100

20000×r×2

CI=P[(1+

100

r

)

n

−1]

CI=20000[(1+

100

r

)

2

−1]

⟹CI−SI=200

⟹20000[(1+

100

r

)

2

−1−

100

2r

]=200

⟹20000[

10000

r

2

]=200

⟹r=10

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