If the compound interest on a certain sum of money for 3 years at 10% p.A. Be rs.993 what would be the simple interest?
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In total an interest for 6 years will be paid (3 + 2 + 1 + 0) on Rs. 100 @ 10%. Interest = (100 × 6 × 10)/100 = Rs. 60 and the principal is Rs 100 × 4 = Rs 400. The total loan that can be discharged is Rs. 400 + 60 = Rs. 460.
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Answer:
The simple interst is 900
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