The difference between the compound interest and the simple interest on a certain sum for 2 years at 5% per annum is $ 40. Find the sum ??
it's Isha
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Answered by
4
Answer:
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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Answered by
6
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
hope this helps you dear
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