on what sum of money will the difference between the simple interest and compound interest for 2 years at 5% per annum be equal to 50 rupees
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Answer:
20000
Step-by-step explanation:
formula
compound interest- simple interest=50
compound addition-x-simple interest=50
x×21/20×21/20-x-x/10=50
after calculation
x/400=50
x=20000
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