Question

the difference between the simple interest and the compound interest on a certain sum for 2 years at the rate of 10% is 50 find the principal​

Answer 1

Answer:

Step-by-step explanation: since we know that-

SI=P*t*r/100

So we know that

Simple interest = 50

Time = 2years

Rate= 10%

Putting the value in the formula

50=p*2*10/100

P= 50*100/2*10

P= 250 rupees

Hope it will be helpful for you