The difference between compound interest and simple interest on a certain sum for 2 years at 7.5 % p.a is 360. Find the sum
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Difference between Ci and SI for nth year,
= (Pr /100) *[(1 +(r /100))n-1 -1]
= (Pr /100) *[(1 +(r /100))n-1 -1]
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