Math, asked by divyanshi7286, 7 months ago

the difference between simple and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is rupees 1 .What is the sum???

Write answer will get 20 points and I want step by step explanation ​

Answers

Answered by Prathyusha14
12

Let the sum be Rs.x,then

Compound interest=x{1+4/100}^2-x

=676/625 x-x

=51/625 x

Simple Interest=x×4×2/100 =2x/25

therefore 51x/625-2x/25=1

x=625

Answered by shalinishukla0972
2

Answer:

625 is the answer and hi bro

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