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On what sum difference between compound interest and simple interest for two years at7% p.a. interest is Rs. 29.4 |
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Answer» <P>Step-by-step EXPLANATION: S.I= 100 PRT
= 100 P(5)(2)
=0.1P C.I=P[(1+ 100 R
)−1]=P(1.05 2 −1)=0.1025P C.I−S.I=0.0025P=15 ⇒P=6000Rs |
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