. If the compound interest on a certain sum of money for 2 years @ 4% per annum is rs 2449, what will be the simple interst on the same sum at the same rate of interest and for the same time?
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Answered by
17
Answer:
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Step-by-step explanation:
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Answered by
0
Answer: The simple interest will be Rs 2400.98
Step-by-step explanation:
Compound Interest = P(1+r/100)^t−P
2449=P(1+4/100)^2-P =P[676/625−1]
= P[676−625/625] =P×51/625
P=Rs.2449×625/51 =Rs.30012.25
Simple Interest =Rs.PRT/100=30012.25×4×2/100 = Rs.2400.98
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