Question

on what sum of money does the difference between the simple interest and compound interest in 2years at 5%per annum is RS 15
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Answer 1

Answer:

Rs. 6000

Step-by-step explanation:

as we know S.I for two year with rate 5% per annum = 10%

and C.I for two year with rate 5% per annum = 10.25%

difference given between them is Rs. 15

10.25 - 10 = 0.25

which is given 0.25 --------> Rs. 15

100 ---------------> (15/0.25) * 100

                        = Rs 6000