the difference of simple interest and compound interest is 500 of principal,If rate vof interest is 10 percent and time 2 years then what will be principal when interest will add every year
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Answer:
6000 rupees
Step-by-step explanation:
Formula = PTR/100
= 500 × 2 × 10/100
= 10000/100
= 100
Total amount = 500 × every year
= 500 × 12
= 6000 ₹
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