the difference between the compound interest (compounded anually)and simple interest on a certain sum at 10%per annum for 2 years is rs631. find the sum.
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When difference is given for 2 years, Then the formula is
D = PR^2/100^2
Where D= Difference
P= Principal and R= Rate.
Put the values and you will get P = 63100
D = PR^2/100^2
Where D= Difference
P= Principal and R= Rate.
Put the values and you will get P = 63100
mahesh82:
Thank you
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