Question

$\rm{\underline{ Question :-}}$

Q. The difference between the compound interest, Compounded anually and the simple interest on a certain sum of years at 2 years at 15% per annum is ₹180. Find the sum.

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Answer 1

Answer:

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Explanation:

C.I.−S.I.=18

(P(1+100R)n−P)−(100P×R×n)=18

Given:-

P=?

P=?R=6%

P=?R=6%n=2 years

P(1+1006)2−P−100P×6×2=18

P(100106)2−P−253P=18

1.1236P−P−0.12P=18

0.0036P=18

P=0.003618=5000