The difference between compound interest and simple interest

The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money ?

Here , Difference = C.I. - S.I. = Rs. 41 , Time = 2 years , Rate = 5%
We can find required answer with the help of given formula ,

Difference =	PR²
	10000

⇒ 41 =	P × 5 × 5
	10000

⇒ 41 =	P
	400

⇒ P = 41 × 400 = Rs. 16400