Question

the difference between the compound interest compound annually and the simple interest on a certain sum of 2 years at 15% per annum is rupees 180 find the sum ​

Answer 1

Answer:

C.I.−S.I.=18

(P(1+

100

R

)

n

−P)−(

100

P×R×n

)=18

Given:-

P=?

R=6%

n=2 years

P(1+

100

6

)

2

−P−

100

P×6×2

=18

P(

100

106

)

2

−P−

25

3P

=18

1.1236P−P−0.12P=18

0.0036P=18

P=

0.0036

18

=5000

Step-by-step explanation:

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