Question

On what sum of money will the difference between the compound interest ad simple interest for 2 years be equal to Rs. 25 if the rate of interest charged for both is 5% p.a?

CLASS 10TH ICSE SAMPLE PAPER 2018-19

MATHEMATICS

Answer 1

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Answer 2

si=P*r*T
______
100

100*5*2/100
=10

CI

100(1+5/100)square
=110.25

CI=amount -sum
=110.25-100
=10.25