Question

The simple interest on a certain sum of 2 years at 12% per annum is Rs. 2100. Find the corresponding compound interest.​

Answer 1

Step-by-step explanation:

Rate of interest 5 %=120

Let principal=(20)2= 400 units

Toal interest = 41 units - Rs. 328

1 unit - Rs. 8

400 units - Rs. 3200

Principal = Rs. 3200

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