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The difference between the compound interest and simple interest on a certain sum at 12% per annum for 2 years is Rs.126.72. Find the sum.

Option 1)
Rs.7800
Option 2)
Rs.8800
Option 3)
Rs.10200
Option 4)
Rs.12400
Option 5)
Rs.8000

Answers (1)

R rishi raj

$Difference \: B/W C.I and S.I = P (r/100) ^{2}$

$126.72 = p (12/100)^{2}$

$P = 8800$

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