Question
The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is 300. Find the sum.
Answer: Option C
Answer: (c)Using Rule 6,Difference = ${PR^2}/10000$300 = ${P × 10 × 10}/10000$P = 300 × 100 = Rs.30000
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Answer: (c)Using Rule 6,Difference = ${PR^2}/10000$300 = ${P × 10 × 10}/10000$P = 300 × 100 = Rs.30000
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