Question

The difference between simple interest and compound interest for 2 years of a sum of money becomes rupees 80 at 4% interest per annum. calculate the sum of money​

Answer 1

Answer:

Let the principal be Rs.100

N = 2 years; R = 4%

Simple Interest = 100×4×2100= Rs.8

Compound interest

A=P(1+r100)n= 100(1+4100)2

=100×2625×2625

= Rs.108.16

Compound Interest Rs.108.16 - 100 = Rs.8.16

If the difference between compound interest and

Simple interest is 16 paise, the principal is Rs.100

If the difference between compound interest and simple interest is 96 paise, then the principal's

100×9616 = Rs.600

Answer 2

Answer:

hope it will help you

Step-by-step explanation:

mine is the same