Question

the difference between C.I and S.I is 5℅ per annum in 2 years is 30.find the sum​

Answer 1

Answer:

12,000

Step-by-step explanation:

C.I - S.I = 30

p[(1+0.05)^2 -1]-p*0.05*2=30

p* 0.1025-0.1p= 30

p* 0.0025=30

p=30÷0.0025

p=12000