Math, asked by shalene, 1 year ago

on what sum of money will the difference between the simple interest and the compound interest for 2 years at 5% per annum be equal to rupees 50

Answers

Answered by badsha831996
6

Answer:

Step-by-step explanation:

Let the principal is p.

SI for 1 year= 5p/100

As difference of compound and simple interes in 2 years= the interest of SI for 1st year

=5p/100*(5/100)

=p/400

Conditionally,

p/400=50

=>p =50*400=20000

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