Q19 of 89 Page 14

The difference between the compound interest and simple interest on a certain sum for 2 years at 7.5% per annum is Rs. 360. Find the sum.

Given,


C.I – S.I = Rs.360


Time = 2 years


Rate = 7.5 % per annum


Let principal = Rs. P


So,


=


=


=


=


=


Hence,


Principal = Rs. 64000


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