Question

the simple interest on a certain sum for 2 years at 8% per year is rupees 4872.find the sum and amount at the end of 2 years. please dont just give the final answer,explain it too

Answer 1

Answer:

RS.1000

Step-by-step explanation:

Given, SI1−SI2 = 110, T1 = 2 yr,

T2=1yr, R1=8%, R2=5%

According to the question,

P×8×2100−P×5×1100=110

=> 11P100=110

P= RS.1000