the difference between simple interest and compound interest for certain sum of money is 48 Rupees at 20% per annum for 2 years find the principal
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difference= p(r/100)^t
difference = 48(20/100)^2
difference= (48×1)/25= 1.92 rupees
difference = 48(20/100)^2
difference= (48×1)/25= 1.92 rupees
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