a certain sum of money is invested at the rate of 5% per annum compound interest and compound interest compounded annually if the difference between the interest of 3rd year and 1st year is rupees 102.50 find the sum
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the third year and ist year interest gap
is 102.50
the rate is 5%
the third year interest is 50,50,2.5
50 is 5%
100% is =1000
now it is ist year interest
5%=1000
100%=20000
hope it helps u
is 102.50
the rate is 5%
the third year interest is 50,50,2.5
50 is 5%
100% is =1000
now it is ist year interest
5%=1000
100%=20000
hope it helps u
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0
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