Question

The difference between the compound interest,compounded annually and the simple interest on a certain sum for 2 years at 15% per annum is rs 180.find the sum.

Answer 1

Answer:

Sum = Rs. 8000

Step-by-step explanation:

Difference  for 2 yrs  =  180

      P i²      = 180

    P( 15/100)² = 180

            P   = 180 x 100/15  x 100/15

                  = Rs. 8000

Answer 2

Answer:

sum=RS.8000

Step-by-step explanation:

Difference for 2year=180

pi2 = 180

p(15/100)2=180

p =180*100/15*100/15

p=$8000