If difference between S.I. and C.I. for 2 years on a sum of money lent at 5 % is 6, then sum is

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6.Interest

easy

If the difference between $S.I.$ and $C.I.$ for $2$ years on a sum of money lent at $5 \%$ is $ 6,$ then the sum is (In ₹)

A

$2200$

B

$2400$

C

$2600$

D

$2000$

Solution

(b) Difference $=\left(\frac{P r^{2}}{100}\right)$

$\Rightarrow \quad 6=\frac{P \times 5 \times 5}{10000}$

$25 P=60000$

$P=\frac{60000}{5}=2400$

Standard 13

Quantitative Aptitude

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