`If the difference between the compound interest compounded every six months and the simple interest on a certain sum of money at the rate of 12% per annum for one year is Rs. 36 then the sum is
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Answer:
here is ur answer
Rate for six months (12/2)%=6%
CI=P[(1+
100
r
)
n
−1]
CI=P[(1+
100
6
)
2
−1]
⟹
2500
309P
SI=
100
P×r×t
SI=
100
P×12×1
=3P/50
Difference=CI−SI=
2500
159P
=Rs.6.36
Explanation:
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