Question

the difference between simple interest and compound interest on a certain sum is rupees 5 4.40 for 2 years at 8% annually find the sum ​

Answer 1

Answer:

Lets principle amount is X

So simple intrest fo two year =

100

8×2×X

=

100

16X

And C.A on X amt =X{

100

108

}

2

=

10000

11664X

=

2500

2916

C.I =

2500

2916

-X

Diff of C.I and S.I =

2500

2916

-X-

100

16x

=54.40

so X = 8500

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