the difference in CI and Si on a certain sum of money in 2 years at 60% P is rupees 160 find CI if double the sum of money is invested for 3 years at 20%
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If the difference between the compound and simple interest on a certain sum of money for 2 years at 8% per annum is Rs. 160, find the sum."
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"Given CI - SI = Rs.160 Time = 2 years Rate = 8% Formula used (CI - SI)2 years = (PR2) (100)2 CI = Compound Interest SI = Simple Interest
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This is the answer for your question it’s correct
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