. The difference between compound and simple
interest on a sum of money deposited for
2 years at 5% per annum is 12. Find the
sum of money.
Answers
Answered by
6
Answer:
4800
Step-by-step explanation:
let the sum be x
SI
p×r×t/100
x×5×2/100
x/10
CI
a=p(1+r/100)^2
a=x(1+5/100)^2
a=x(21/20)^2
a=x441/400
ci=a-p
ci=441/400x-x
ci=41x/400
DIFFERENCE
ci-si
41x/400-x/10=12(please solve it)
x=4800
Similar questions