The difference between the simple and compound interest of 2 years at the rate of 4% per annum of a sum of money is 1. Find the amount
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Compound and simple interest questions are common in the exams. There are always 3-4 questions appearing from this topic. This topic is very vast and that is why we have decided to cover it in parts and today we are going to discuss the difference between simple interest and compound interest.
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