130. Difference between the compound interest and simple interest of some
money is 10, the rate is 4% p.a. and time is two years. Find the
money.
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Step-by-step explanation:
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Step-by-step explanation:
Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period. Since simple interest is calculated only on the principal amount of a loan or deposit, it's easier to determine than compound interest
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