The difference between simple interest and compound interest at the rate of 12% on the same amount for 3 years is rs. 112.32. What is the principal amount if interest is compounded annually
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interest at the rate of 12% on the same amount for 3 years is rs. 112.32. What is the principal amount
12×3×100/112.32
= 700
Answered by
2
Explanation:
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