The different between the compound interest and simple interest on a certain sum of money at 6% for 2 years is rs 36. find the sum
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simple Interest=p×r×t/100
compound Interest,= p(1+r/100)^t
Let's, main balance=p
so,
{p(1+6/100)^2-p}-{p×6×2/100}=36
=>{p×(106/100×106/100)-p}-p×6×2/100=36
=>[see in image][2 images]
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Answer Of Your Question☺️
☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆
simple Interest=p×r×t/100
compound Interest,= p(1+r/100)^t
Let's, main balance=p
so,
{p(1+6/100)^2-p}-{p×6×2/100}=36
=>{p×(106/100×106/100)-p}-p×6×2/100=36
=>[see in image][2 images]
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Hope It Helped✌️✌️✌️✌️✌️✌️✌️
★★★★★★★★★★★★★★★★★★★★★
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