The difference between the simple and compound interest on a certain sum of money for 2 years at 4% per annum is ₹ 1. find the sum
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dif = p {r/100}^2
1 = p {4/100}^2
(1×100×100)/4×4 = p
p = 625
1 = p {4/100}^2
(1×100×100)/4×4 = p
p = 625
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