Question

The difference between the compound intrest and simple intrest on asum of money at 5 percent p.a for a peroid of 2 years is rs486 if the iintrest is compounded annually find the sum of money

Answer 1

Answer:

d=P(r/100) 2

486=P(5/100)2

486 =Px25/10000

P = 486OOOO/25=1944oo

Sum=Rs 1944oo

Answer 2

Answer:

rs. 1994. correct answer