the difference between simple intrest and compound intrest of a certain some of money is rs 48 at 20% - Maths - Comparing Quantities

Question

the difference between simple intrest and compound intrest of a
certain some of money is rs 48 at 20% per anum for 2 years find the
sum

Sunanta Meitei · Accepted Answer

Hi!
Here is the answer to your question
Let the sum be Rs P
Given, r = 20% and t = 2 year
<img height="253" width="448" src=
"https://s3mn%20mnimgs%20com/img/shared/userimages/mn_images/image/C1(5)%20png"
alt="">
Thus, the sum of money is Rs 1200
Best wishes!

the difference between simple intrest and compound intrest of a certain some of money is rs.48 at 20% per anum for 2 years. find the sum