Question

The difference between compound interest, compound annually and simple interest on a certain sum of money for 2 years at 10 percent per annum is rupees 2222.what is the compound interest on this sum for 2 years?​

Answer 1

Answer:

CI =46662

Step-by-step explanation:

Given T=2 years R=10%

SI for 2 years is 2*10= 20%

CI for 2 years is 2R+R^2/100

                           2*10+10^2/100=21%

CI-SI=21-20=>1%

1%=2222

100%=222200

sum = 222200

CI on sum is,

21%of 222200=46662