the difference between compound interest and simple interest on a certain sum at 9% for 2 years is rupees 324 find the sum
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Answered by
16
Answer:
P = Rs.40,000
Step-by-step explanation:
C.i. - S.i. = 324
P{(1+i)^n - 1 - nr/100} = 324
P { (1.09)^2 - 1 - 2×9/100} = 324
P (1.1881 - 1 - 0.18) = 324
0.0081P = 324
P = 324/0.0081
P = Rs.40,000
Answered by
11
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