Question

the difference between simple intrest and compound intrest on sertain sum of money at 20% per annum for 2 years is 48 find principal

Answer 1

Hi,
The principal is 1200.
As,
Difference(D)=P(R/100)^2
48=P(20/100)^2
48=P(1/5)^2
48=P×1/5×1/5
P=48×5×5
P=1200
Hope it will help you.