Math, asked by manendrasingh, 10 months ago

The difference between simple interest and compound interest on a certain sum for 2 years at
5% is 500. Find the sum.​

Answers

Answered by Anonymous
2

Answer:

sum is ₹1612.90

Step-by-step explanation:

let the sum be rs x

according to question:

x(1+5/100)^2=x(105/100^2

CI=x(105/100)^2 - x

=x{(105/100)^2-1}

=x{(21/20)^2 - 1}

=x{441/400-1}

=x{41/400}

=41x/400

SI=P×R×T/100

=x×5×2/100

=x/10

given that difference between CI and SI is 500

=>41x/100 - x/10=500

=>31x/100=500

=>31x=100×500

=>x=50000/31

x=₹1612.90

Similar questions