Question

The difference between SI and CI of a certain sum of money is ₹48 at 20%p.a. for 2 years, find principal​

Answer 1

Answer:

1200

Step-by-step explanation:

Difference SI& CI=48

r=20%

i=r/100=0.20

Formula

Difference For 2yrs=P(i)²

48=P(0.20)²

P=48/0.04

P=1200