Question

The difference between the simple interest and compound interest on a sum of money for 2 years at 12 % per annum is Rs. 216 find the sum

Answer 1

Answer:

Given:

⇏ The difference between the simple interest and compound interest on a sum of money for 2 years at 12 % per annum is Rs. 216.

Find:

⇏ What is the sum.

Using formula:

⇏ $\sf \dfrac{P \times R \times T}{100} = P \times ( \dfrac{100 \times R}{100} ) - 1 = 216$

⇏ $\sf \dfrac{P \times 2 \times 22}{100}- [(\dfrac{112}{100}) - 1]$

⇏ $\sf \dfrac{6P}{2} - ( \dfrac{784 - 625}{625} )$

⇏ $\dfrac{159}{625} =216$

⇏ $\sf \dfrac{159 p - 150 p}{625} = \dfrac{9p}{625} = 216$

⇏ $\sf p = \dfrac{216 \times 625}{9} = 15000$

Therefore, 15000 is the sum.

Answer 2

ans 50000 hbhjkjvcxfgn x