The difference between the compound interest and simple interest on a certain sum for 2 years at 6% per annum is rs 27. The sum is
Dear Student,
Here is the solution of your asked query:
let the sum be P = Rs. 100.
time T = 2 years, rate of interest R = 6% per annum
simple interest =
compound amount=
therefore the compound interest = compound amount - principal
=112.36-100=12.36/-
the difference between the compound interest and simple interest = 12.36-12.00 = 0.36/-
if the difference between the CI and SI is Rs. 0.36 the principal = Rs. 100
if the difference between the CI and SI is Rs. 27, the principal =
thus the sum is Rs. 7500.
Regards