4. On what sum of money does the difference between
the simple interest and compound interest in 2 years
at 5% per annum be aqual to 250
Answers
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Hope it helps.
Difference=Principal×(
100
Rate
)
2
2.5=P×(
100
5
)
2
2.5=P×
100
5
×
100
5
P=
5×5
2.5×100×100
P=Rs.1000
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