Question

the difference between CI and SI for 2 years @ 5% is ₹240 find the sum

Answer 1

Answer:

96000

Step-by-step explanation:

P(105/100)^2 -P = (P * 5/100 *  2 ) + 240

441p/400 -p = p/10 + 240

41p/400 = p/10 + 240

41p/400 - p/10 = p/10 - p/10 +240

p/400 = 240

p = 96000