Question 146
If the difference between S.I. and C.I. for 2 years on a sum of money lent at 5% is 6, then the sum is
Solution
let the principal amount be Rs P
it is given that difference between CI and SI for two years = 6
rate of interest (R) = 5%
$$\frac{PR^2}{100^2}$$ = 6
P = 2400
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