the difference between the compound interest and simple interest on a certain sumfor 2 years at 5%per annum is rs. 40. find the sum
Answers
Answered by
1
Let the Principal be x
Time = 2yrs
Rate = 5%
So, SI = x.2.5/100
= x/10
CI = x[ (1+ 5/100)² - 1]
= x [(105/100)² - 1²]
= x (105/100+1)(105/100 - 1]
= 41x /400
BTP
41x/400 - X/10 = 40
=> x/400= 40
=> x = 16000
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Answered by
0
Step-by-step explanation:
Let the Principal be x
Time = 2yrs
Rate = 5%
So, SI = x.2.5/100
= x/10
CI = x[ (1+ 5/100)² - 1]
= x [(105/100)² - 1²]
= x (105/100+1)(105/100 - 1]
= 41x /400
BTP
41x/400 - X/10 = 40
=> x/400= 40
=> x = 16000
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