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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is: ?->(Show Answer!)
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1. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:





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  • By: guest on 01 Jun 2017 05.46 pm
    Let the sum be Rs. x. Then, C.I. = x 1 + 4 2 - x = 676 x - x = 51 x. 100 625 625 S.I. = x x 4 x 2 = 2x . 100 25 51x - 2x = 1 625 25 x = 625.
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