Question

the difference between the compound interest and the simple interest on a certain sum for two years at 5% per annum is ₹60. find the sum​

Answer 1

Answer:

24000 twenty four thousand

Answer 2

ɢɪᴠᴇɴ:-

• sᴜᴍ ғᴏʀ ᴛᴡᴏ ʏᴇᴀʀs ᴀᴛ 5%.
• ʀs 60

ᴛᴏ ғɪɴᴅ:-

• sᴜᴍ ᴏғ ʙᴏᴛʜ.

sᴏʟᴜᴛɪᴏɴ:-

ɪɴ ғɪʀsᴛ ʏᴇᴀʀ

• ᴘ = ʀs 60.
• ʀ = 5 % / ᴀɴɴᴜᴍ.
• ᴛ = 1 ʏᴇᴀʀ.

$</p><p>SI \: = \: \frac{</p><p>P \times R \times T }{100} = </p><p> \frac{60 \times 5 \times 1}{100} \\ \\ = \frac{300}{100} \\ \\ = 3$

ɴᴏᴡ ᴀᴍᴏᴜɴᴛ = ᴘ + sɪ

ᴀᴍᴏᴜɴᴛ = 60 + 3

= 63

ɪɴ sᴇᴄᴏɴᴅ ʏᴇᴀʀ

• ᴘ = ʀs 63
• ʀ = 5 %
• ᴛ = 1 ʏᴇᴀʀ

$\frac{</p><p>P \times R \times T}{100} \\ \\ = \frac{63 \times5 \times 1 }{100} \\ \\ = \frac{315}{100} \\ \\ = 3.15$

ɴᴏᴡ,

ᴄᴏᴍᴘᴏɴᴜᴅ ɪɴᴛʀᴇsᴛ = ᴘ + sɪ

= 66.15

Tʜᴇʀᴇғᴏʀᴇ ʏᴏᴜʀ ᴀɴsᴡᴇʀ ɪs 66.15...