Question

The difference between simple interest and compound interest is ₹54.40 for 2 Years at 8 percent per annum. Find the sum.

Answer 1

Hope it helps.... S.I.=Prt/100 & ci =P(1+r/100)^n-P & ci - si = 54.40 put the value of ci and si and let principal be p only and u will get ur answer i have snt a pic plzz check if the answer is correct

Answer 2

Hey....!!! Here is ur answer.....

Given that.... Difference between S.I. &C.I. = 54.40 Rs.

As we know that....

Difference = (rate)²/100

=> Diff. = 8²/100 = 0.64

Then, according to the question....

0.64% of the sum = 54.40 Rs.

=>Sum = 54.40/0.64%

=> Sum = (54.40×100)/0.64

=> Sum = 544000/64

=> Sum = 8500 Rs.

I hope it will be helpful for u...!!!

Thank You....