Question

The difference between simple and compound interest compounded anually on a certain sum of money for 2 years at 2 % per annum is rs. 100. The sum is

Answer 1

sum=Rs.x

C.I=[x(1+4/100)^2-x]=(676/625x-x)=51/625

S.I=(x*4*2)/100=2x/25

x=625