Question

The difference between SI and CI for 2 years at the same rate of 20% per annum is Rs What is the principal, if, in CI, principal is compounded annually.

Answer 1

Answer:

The difference between SI and CI for 2 years at the same rate of 20% per annum is Rs What is the principal, if, in CI, principal is compounded annually.

Answer 2

Answer:

₹200

Step-by-step explanation:

Let, the principal be P

Then, S.I = P*20*2/100 = 10P/25

And, C.I = P*(1+20/100)^2 - P = 11P/25

Now, 11P/25 - 10P/25 = 8

Or, P = 8*25 = 200

The principal is Rs. 200 (answer)