Question

The difference between the compound interest, compounded annually and the simple interest ona certain sum for 2 years at 4%per annum is 20.find the sum​

Answer 1

Answer:

Rs. 12,500

Step-by-step explanation:

C.I - S.I for 2- years=P(i/100)²

here P = ?

C.I - S.I= Rs 20

i= 4%

Principal P=Rs.20/(4/100)²

P=Rs.20 x 10000/16

= Rs. 12,500