on what sum of money will the difference between the simple interest and compound interest in 2 yrs at 5% p.a.is 15 rs
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Step-by-step explanation:
t = 2 yrs ;R =5% ; P =15 RS ; SI = ?
SI = PTR/100
=15 × 2 ×5 /100
= RS 1.5
SI = P+I
=15+1.5 = RS 16.5
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