on a sum of money the difference between simple interest and compound interest for 2 years is 15. 36 and the simple interest for 2 year is 384 find the rate percent per annum
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Assume the following: p = Principal; n= Years; r= Rate of Interest n here is 2 years and r is 20 % per annum Simple Interest (S) ...
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the difference between si and ci in two years
is. sum=difference×100/r whole square 2
384=15.36×100/r×100/r
r=4×5
20% ans.
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