the compound interest of a certain sum of money at 5% per annum for 2 years is 246 calculate the simple interest on the same sum for 3 years at 6% per annum
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simple interest is =prt/100
5*2*246=246.5
compound interest= prt/100
but the principle changes
5*2*246=246.5
compound interest= prt/100
but the principle changes
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