Question

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

Answer 1

Answer:

that means rs.8500 is the correct answer

Step-by-step explanation:

explanation is in the attachment above

Answer 2

4.352

Step-by-step explanation:

simple interest =p*r*t/100=54.40*8*2/100=8.704

Compound interest for 1year= p*r*t/100=54.40*8*1/100=4.352

Principle for the second year=54.40+4.352=58.752

Compound interest for the second year=58.752*8*1/100=8.704

Amount=58.752+8.704=67.456

compound interest=67.456-54.40=13.056

Difference=ci-si=13.056-8.704=4.352