THE DIFFERENCE BETWEEN SIMPLE INTEREST AND COMPOUND INTEREST ON A CERTAIN SUM OF MONEY FOR 2 YEARS AT 4% PER ANNUM IS Rs50.
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Let the sum be x.
S.I.=x.2.4/100 = 2x/25
C.I. =x[(1+r/100)^ n-1]
=>C.I =x[(26/25)^2 -1]
=>C.I.=51x/625
according to question ,
51x/625 -2x/25 = 50
=> x/625=50
=> x =31250
therefore , the sum will be Rs 31250.
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if it helped you please mark it as brainiest answer.Thank you.
S.I.=x.2.4/100 = 2x/25
C.I. =x[(1+r/100)^ n-1]
=>C.I =x[(26/25)^2 -1]
=>C.I.=51x/625
according to question ,
51x/625 -2x/25 = 50
=> x/625=50
=> x =31250
therefore , the sum will be Rs 31250.
..................................
if it helped you please mark it as brainiest answer.Thank you.
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