Asked by priya
The difference between the simple interest and compound interest on a certain sum for 2 years at the rate of 5% per annum is rupees 205.find the sum.
Answers
Answered by
Reiny
let the sum be x
x(1.05)^2 - x - x(.05)(2) = 205
x(1.05^2 - 1 - .05(2) ) = 205
....
let me know what you got
x(1.05)^2 - x - x(.05)(2) = 205
x(1.05^2 - 1 - .05(2) ) = 205
....
let me know what you got
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