S.I.= 216, Rate = 9% per✓annum, Time=1/1/2
Answers
Answered by
1
Answer:
Let the principal be Rs. P
Given : R=5%,T=24 years
C.I. for 2 years =P(1+
100
5
)
2
−P
S.I. for 2 years =
100
P×5×2
=
10
P
∵ Difference between C.I. and S.P. = Rs. 25
P(1+
100
5
)
2
−P−
10
P
=25
400
441P
−
10
11P
=25
400
441P−440P
=25
P=10,000
Hence, the principle should be Rs. 10,000
Similar questions