the compound intrest of third year on a certain principle at the rate of 10% per annum compound annually is ts 48.4 then find the simple intrest on that same principal for 4 years at the rate of 5% per anum? options are a)80 b)100 c )120 d)140 explanation plz
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If the difference between compound and simple interest is of two years than,
Difference = P(R)²/(100)²
Where P = principal amount, R = rate of interest
If the difference between compound and simple interest is of three years than,
Difference = 3 x P(R)²/(100)² + P (R/100)³.
Here also, P = principal amount, R = rate of interest
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yes please send me the recharge
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