Question

The Difference BETWEEN the CI and SI on a Certain sum of money for 2 years at 15% per annum is RS.180.Find the sum

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Answer 1

Explanation:

when the difference between CI and SI given then the sum =

difference (100/r)^2

given difference is Rs . 180

Rate of interest is 15%

sum = 180× (100/15)^2

180×10000/225

= 8000