Question

The Difference between CI and SI for 2 years on the same sum at 5% p. a. is ₹240. Find the sum.
(proper step by step) ​

Answer 1

Step-by-step explanation:

For Cl,

Principal=₹240

Rate=5%

Time=2 yrs.

Interest=PRT/

=240*5*2/100

=₹24

Hope the answer to be correct