the difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs 500.find the sum when the interest is compounded annually
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Answer:
d=P(r/100) 2
500 =P (10/100) 2
5 0 0 =Px100/10000
P=500x10000/100 = 50000
Sum=Rs.50000
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