Question

The difference between s.i and c.i anually an a certain sum of many for 2 years 4% per annum is rs.1 find the sum

Answer 1

Answer:

0.9984 approx

Step-by-step explanation:

C.I - S.I = 1

p[(1+0.04)^2 -1] - p*0.04*2= 1

p (1.0816 - 0.08)= 1

p*1.0016= 1

p= 1÷ 1.0016

p = 0.9984 approx