Question

the difference between simple interest and compound interest on a certain sum for 2 years at 5% is rupees 500 find the sum.( hint) first find using the formula by taking sum as rupees hundred then find CI minus SI​

someone help me

Answer 1

Answer:

Let t=2year

P=5%

R=500

PTR/100=2×5×500/100=50

500+50=550