the difference between the compound interest and simple interest on a certain sum for 3 years at 10% per annum is rs 93 find the sum
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Answer:
The sum would be 3000 rupees.
Step-by-step explanation:
Let sum is P,
Since, the simple interest formula is,
If r = 10% = 0.1, t = 3,
Simple interest is,
Now, the compound interest formula,
So, the compound interest is,
According to the question,
Hence, the sum would be 3000 rupees.
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