Question

the difference between the compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is rs 100.find the sum.


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Answer 1

Answer:

compound interest on a certain sum of money for 2 years at 4% per annum is Rs 20 .

The difference between the simple interset and compound interest on a certain sum of money 'P' for 2 years at r% per annum is given by : ( CI - SI )2

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