Question

The difference between the simple interest and compound interest for a certain sum
of money for 2 years at 10% per annum is R 50. Find the sum.​

Answer 1

Step-by-step explanation:

There is this short formula for this type of questions

D = (R/100)^n x P

so

50 = (10/100)^2 xP

50 = P / 100

So the sum is 5000

Answer 2

Answer:

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Step-by-step explanation:

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