A certain sum of money is invested at the rate of 10% per annum compound interest, the interest calculated annually..if the difference between tge interest of third year and first year is Rs 1105..find the sum invested....why we have to do -1 in the formula of this question
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Step-by-step explanation: sum of money is invested at the rate of 10% per annum compound interest, the interest calculated annually..if the difference between the interest of third year and first year is Rs 1105..find the sum invested....why we have to do -1 in the formula of this question.
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