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.
Given,
Rate = 4%
Time = 2 years
C.I – S.I = Rs.20
Let principal = P
So,
=
= 
= 
= 
Hence,
Principal = Rs. 12500
10
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.
Given,
Rate = 4%
Time = 2 years
C.I – S.I = Rs.20
Let principal = P
So,
=
=
=
=
Hence,
Principal = Rs. 12500