Question

The difference between the compound interest and simple interest and at the end of 2 years on a sum of money at 10 % per annum is Rs 20 . The sum is​

Answer 1

Answer:

The sum/principal is Rs. 2000.

Step-by-step explanation:

Let 'P' be the sum/principal,

P[(1 + 10/100)² - 1] - (P × 10 × 2/100) = 20

21P/100 - 20P/100 = 20

P/100 = 20

P = 20 × 100

P = 2000

Hence, the sum/principal is Rs. 2000.