If the difference between S.I. and C.I. for 2 | vedclass

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(B) For a period of $2$ years,the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ is given by the formula:Difference $= P \

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$2400$

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(B) For a period of $2$ years,the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ is given by the formula:Difference $= P 	imes \left(\frac{r}{100}ight)^2$Where $P$ is the principal sum and $r$ is the rate of interest per annum.Given: Difference $= ₹ 6$,$r = 5 \%$,and time $= 2$ years.Substituting the values into the formula:$6 = P 	imes \left(\frac{5}{100}ight)^2$$6 = P 	imes \left(\frac{1}{20}ight)^2$$6 = P 	imes \frac{1}{400}$$P = 6 	imes 400 = 2400$Therefore,the sum is $₹ 2400$.

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

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