The difference between the S.I. and C.I. obta | vedclass

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Question

(C) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \fr

Vedclass · Accepted Answer

$14000$

Vedclass · Answer

(C) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \frac{P 	imes R^2}{100^2}$Given:$	ext{Difference} = 35$$R = 5\%$$T = 2 	ext{ years}$Substituting the values into the formula:$35 = \frac{P 	imes 5^2}{100^2}$$35 = \frac{P 	imes 25}{10000}$$35 = \frac{P}{400}$$P = 35 	imes 400$$P = 14000$Therefore,the principal amount is $Rs. 14000$.

The difference between the $S.I.$ and $C.I.$ obtained on a principal amount at $5$ $p.c.p.a.$ after $2$ years is $Rs. 35$. What is the principal amount (in $Rs.$)?

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