Question

The difference between compound interest and simple interest on a certain sum of money at 5% per annum for 2 years is Rs. 15. Find the sum. 6000


pls answer the above question correctly​

Answer 1

Step-by-step explanation:

SI for 2 years

=(5+5)%=10%

CI for 2 years

=5+5+5×5100=10.25%

Difference=(10.25−10)%

=0.25 %

0.25 % of sum = Rs. 15

Sum = 150.25×100=15×1000025

Sum = Rs.6000