Question

the difference between compound interest and simple interest on a certain sum at 6 percent per annul for 2years is 54 find sum

Answer 1

Answer:

600

Step-by-step explanation:

simple interest = p/100×6×2=3p/25

compound interest=p(53/50)^2-p=(2809-2500)/2500=309p/2500=3.09p/25

3.09p-3p=54

.09p=54

p=100/9×54=600

Answer 2

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