Question

the difference between compound interest and simple interest for 2 years at 5% per annum is rs 2.50. find the sum​

Answer 1

Answer:

Step-by-step explanation:

Let for 1st year ,SI or CI is ₹ X

Therefore ₹2.50 will be simple interest on ₹X @5% for one year

2.50= X × 5 × 1 /100

X = 250/100 ×100/5 = ₹ 50

Therefore SI @5% for 2 years will be 50+50 ₹ 100

100 = P× 5 ×2 / 100

P= 100×100 / 5×2 = ₹ 1000

Answer 2

Answer:

principal is rs 1000

is the answer

hope it help