Question

The difference between the compound interest and the simple interest on a certain sum of money for 2 years at the rate of 12.5% per annum is Rs. 150 then what is the sum? ​

Answer 1

Answer:$9,836.06557

Step-by-step explanation:let sum be 100

C.I= 14.0625

S.l= 12.5

Diff=1.5625

If sum=100,then diff =1.5625

If sum = X ,then diff= 150

X= 100*150/1.5625

X=$9836.06557