The difference between compound interest and the simple interest on a certain sum at 10% per annum for 3 years is Rs93. Find the sum
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Answer:
49.3
Step-by-step explanation:
D = p(r/100)^n
=> ₹93 = p(10/100)^3
=>³√93 = p/10
=> 4.93 = p/10
=> 4.93 × 10 = p
therefore, p = 49.3
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