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inysia [295]
3 years ago
11

QUESTION :-

Mathematics
1 answer:
Galina-37 [17]3 years ago
3 0

Answer:

  • 92000

Step-by-step explanation:

<u>Given:</u>

  • I = 5% = 0.05
  • t = 2 years
  • Let the sum is x.

<u>Simple interest:</u>

  • SI = x*2*0.05 = 0.1x

<u>Compound interest:</u>

  • CI = x*(1 + 0.05)² - x = 1.1025x - x = 0.1025x

<u>The difference is 230:</u>

  • 0.1025x - 0.1x = 230
  • 0.0025x = 230
  • x = 230/0.0025
  • x = 92000
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