Question

the difference between the simple interest and compound interest on a certain sum for 2 year at 5% p.a is 21 find the sum:

Answer 1

· The difference between simple interest and compound interest on 2 years at 4% per annum is Rs 20. ... interest , compounded annually, and simple interest on a certain sum for 2 years at 15 ... Rate of interest (r)= 5% p.a.

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