Question

The compound interest on a sum of money for 2 years is 205 and the simple interest on the same sum for the same period and at the same rate is 200. Find (1) the sum
(ii) the rate of interest.
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Answer 1

Answer:

sum =200

Rate of interest=5%

Step-by-step explanation:

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Answer 2

Answer:

money= 8000 and rate = 2.5