Question

The difference between the compound interest, compounded annually and the
simple interest on a certain sum for 2 years at 15% per annum is 180. Find
the sum.

answer it!!! ​

Answer 1

Answer:

in the compound interest after 1yr interest applied on the amount is not only the principal amount that amount include intrest +principal amount.

but in simple interest after 1yr interest applied on only

principal amount