The difference between C.I and S.I for 2 years at 5% per annum is 2.50. Find the sum
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Answer:
Sum = 1000
Step-by-step explanation:
Difference between CI and SI is 2.50
Difference = P(r)²/100²
=> 2.50 = P(5)²/100²
=> 2.50 = 25P/10000
=> 25000 = 25P
=> P = 1000
Hence, Sum is 1000.
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