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The difference between the S.I. and C.I....

The difference between the S.I. and C.I. on a certain sum of money for 2 years at 4% per annum is Rs 20. Find the sum.

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To solve the problem step by step, we will find the principal sum of money (P) given that the difference between the Simple Interest (SI) and Compound Interest (CI) for 2 years at 4% per annum is Rs. 20. ### Step 1: Define the variables Let the principal sum of money be Rs. x. ### Step 2: Write the formulas for SI and CI - The formula for Simple Interest (SI) is: \[ ...
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Knowledge Check

  • The difference between the C.I compounded annually and S.I on a certain sum for 2 years at 15% per annum is Rs 180. Find the sum A)7000 B)8000 C)9000 D)6000

    A
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    B
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    D
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    A
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    B
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    D
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  • The difference between C.I. and S.I. on a certain sum of money at 10% per annum for 3 years is 620. Find the principal if it is known that the interest is compounded annually.

    A
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