Question

A sum of money is invested at simple interest at the rate of 10 percent for 1 year after one year the amount obtained is reinvested at same rate of simple interest for another year what is the difference between amount obtained at the end of the second year to the amount obtained at the end of second year for same sum of money invested at a compound interest rate of 10% for 2 years which is compounded annually

Answer 1

Answer:

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