Question

7.
The simple interest on a certain sum of money for two years at 5% is 6,600.

What will be the compound interest on that sum at the same rate for the same
time period?
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Answer 1

Answer:

Here,S.I=rs6600,R%=11/2%,T=2 years.As we know thatS.I=P×R×T/100rs6600=P×11×2/100×2p=6600×100/1 ...