The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is re. 1. the sum (in rs.) is:
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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
C.I=[x(1+4/100)^2-x]=(676/625x-x)=51/625
S.I=(x*4*2)/100=2x/25
x=625
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