the difference between the simple interest and compound interest on a sum of money for 3 years at 10% p.a is ₹558. Find the sum?
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Step-by-step explanation:
Take sum = x then put CI = x(1+R/100)-x
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Answer:
Now, Rs 3.10 is the difference when the sum is Rs 100. ∴ Rs 31 is the difference when the sum is Rs (1003.10×31) = Rs 1000.
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