Question

The difference of 13% per annum and 12% of a sum in 1 year is rs. 110. Then,the sum is

Answer 1

Answer:

11000

Step-by-step explanation:

let the sum be Rs. x, than at 13% rate for 1yr the SI = x*13*1/100 = 13x/100

At 12% rate for 1yr the SI = x*12*1/100 = 12x/100

Now, we have 13x/100 - 12x/100 = 110

Or, x/100 = 110

Or, x = 110*100 = 11000