Question

The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is rs
631. Find the sum.​

Answer 1

Step-by-step explanation:

Let the sum be x.

C.I.=[ x{ 1+( 10010 ) } 2 −x ]= 10021x

S.I.= 100x×10×2

⇒C.I -S.I = 100x

⇒ 100x =631

⇒x=63100