The difference between compound interest and simple interest at 5% per annum. in 2 years is 30. Find the sum
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Answer:
₹12000
Step-by-step explanation:
SI=P×R×T/100
=P×5×2/100
=P/100
AMOUNT=P(1+R/100)^T
=P(1+5/100)²
=441P/440
CI= A-P
=441P/400-P
=41P/400
41P/400-P/100=30
P/400 =30
P=400×30
=12000
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