the simple interest of some amount of money is rupees 1200 in 3 years and the compound interest of the same amount
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You need either rate of interest or principal amount to solve further.Simple interest = P x r x T
1,200 = P x r x 3 => P x r = 400
Compound interest of same amount in 3 years at same rate of interest.
A = P x (1 + r)^3
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