the difference between the compound interest compounded annually and the simple interest on a certain sum for 2 years at 4% per annum is rupees 20. Find the sum
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Answer:
Step-by-step explanation:
Difference between compound interest and simple interest is of 2 years then
Difference =P(
100
R
)
2
20=P(
100
4
)
2
20=P(
25
1
)
2
20=
625
P
P=625×20
p=12500 Answer
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