The difference between compound interest and simple interst in 3 yrs at 10 percent pa reckoned yearly is Rs.1860. find the sum and compound interest
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Step-by-step explanation:
here princpal equal to 1860
time equals 3year
rate equals 10
A=p(1+r/100)power n
=1860(1+10/100)power3
1860(11/10) power3
1860(11/10)(11/10)(11/10)
1860(1331/1000)
2475.66
ccompund int =Amount -principal
2475.66-1860
615.66
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