Question

The difference between Simple interest and compound interest on a certain sum is rupeer 54.40 for 2 years at 8 percent per annum . Find the sum

Answer 1

interest=principal×rate of Interest×time/100
= 54.50×8×2/100
= 1.09
amount of sum =principal+interest
= 54.50+1.09
= 55.09

Answer 2

Hope this answer help u....