Question

on what sum of money does the difference between the si and ci in 2 years at 5% p. a. in rs 15​

Answer 1

Answer:

Rs. 20,000

Step-by-step explanation:

Let the sum of money be Rs. P.

Then, the Simple interest for 2 years at 5% p.a. = P x 5 x 2 / 100 = P/10 = 0.1 P.

Similarly, Compound Interest = P(1 + 5/100)^2 - P = P(1.05^2 - 1) = 0.1025 P.

According to given, 0.1025 P ~ 0.1 P = 0.0025 P = Rs. 50.

Thus, P = Rs. (50 / 0.0025) = Rs. 20,000.