Question

On what sum of money will the difference between the simple interest and the compound interest for
years at 5% per annum be equal to 50 ?
Gind the rate per cent annum if​

Answer 1

Answer:

period=2yrs (assumed)

d =P (r/loo) 2

50 =P (5 / 100) 2

P = 50x10000/25=20000

SumP=Rs20000