Question

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

Answer 1

Answer:

Step-by-step explanation:

SUM=Rs.X

C.I=[X(1+4/100^2-x)

=(676/625)x-x)=51/625

SI=(X×4×2)/100=2x/25

X=625