The difference between simple interest and compound interest on a certain sum of money is 24.80 at 10 % per annum in 3 years. the sum (in rs) is
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x*10*3/100
x(1+10/100)^3
solving them
ci-si=24.80
x(1+10/100)^3
solving them
ci-si=24.80
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Answer:
Step-by-step explanation:
P(1+10/100)^3-P-P(P×10×3/100)=24,.80
P(110^3/100^3-1-30/100)=24.80
P(31000/100^3)=24.80
P=24.80×100^3/31000
24800000/31000
=Rs800
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