find the sum of money on which the difference between compound interest and simple interest at the rate of 10% per annum for 2 years is rs 500.step by step explain
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Answer:
d = difference, r = rate, P=sum
d=P(r/loo)^2
500 =P (10/100) 2
p = 500x10000/100
= 50000
Sum P = Rs 50000
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