Question

The difference between the compound interest and simple interest on a certain sum at

12% per annumfor two years is Rs 90.What will be the value of the amount at the end of 3

years if compounded annually?​

Answer 1

Answer:

The difference in the simple interest and compound interest for two years is on account of the interest paid on the first year's interest Hence 12% of simple interest = 90 => simple interest =90/0.12 =750.

Answer 2

Answer:

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