the difference between the compound interest and simple interest on a certain sum of money at 15% per annum for three years is 1134. find the sum
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EXPLANATION
(p(1+r/100)^t-1)-prt/100=1134
(x*12167/8000-1)-(15*x*3)/100
(75x/100)-(4167x/8000)=1134
(6000x-4167x/8000)=1134
4686x/8000=1134
=1935.979 rupees
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