Business Studies, asked by AadithyaMinnu6703, 10 months ago

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

Answers

Answered by Anonymous

2

Explanation:

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 Anonymous

2

Explanation:

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