the difference between compound and s.i on a sum of money deposited for 2 year at 5percentage per annum os rupees 12 find the sum of money plz answer me fast
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Step-by-step explanation:
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Step-by-step explanation:
N=2years
R=5 %
We have S.I.=
100
PNR
=
100
P×2×5
=
100
10P
=0.1P
And on interest being compounded for 2 years and R=5 %, Amount=P(1+
100
R
)
N
=P(1+
100
5
)
2
=P×(1.05
2
)=1.1025P
So, C.I.=A−P=1.1025P−P=0.1025P
Given, C.I.−S.I=Rs12
=>0.1025P−0.1P=Rs12
=>0.0025P=Rs12
=>P=Rs4,800
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