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8. On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to ₹50? |
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Answer» For ,N=2yearsR=5 % We have S.I.= 100PNR = 100P×2×5 = 10010P =0.1PAnd on INTEREST being compounded for 2 YEARS and R=5 %, Amount=P(1+ 100R ) N =P(1+ 1005 ) 2 =P×(1.05 2 )=1.1025PSo, C.I.=A−P=1.1025P−P=0.1025PGiven, C.I.−S.I=Rs50=>0.1025P−0.1P=Rs50=>0.0025P=Rs50=>P=Rs20,000Hope this helps ♥️ |
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