Question

the different between simple and compound interest on a certain sum of 6% per annum for 2 years is 232.56.find the sum is
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Answer 1

Answer:

the sum  =  Rs. 64600

Step-by-step explanation:

difference  between C.I  & S.I  =   232.56

 P(i)²     =  232.56

P  (6/100)²  = 232.56

 P               = (232.56 x100 x100) / (6 x 6)

                  = 64600

Answer 2

The sum is RS. 64600.

Step-by-step explanation:

Since we have given that

Difference between simple interest and compound interest = Rs. 232.56

Rate of interest = 6%

Time = 2 years

As we know the formula for finding sum:

$d=P(\dfrac{r}{100})^2\\\\232.56=P(\dfrac{6}{100})^2\\\\232.56=P\times \dfrac{36}{10000}\\\\232.56\times 10000=36P\\\\2325600=36P\\\\\dfrac{2325600}{36}=P\\\\P=64600$

Hence, the sum is RS. 64600.

# learn more:

Find the difference between simple interest and compound interest on ₹20000 at 8p.c.p.a.for 2 years

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