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The difference between the compound interest and the simple interest on a certain sum of money 16% per annum compounded annually for 2 years is Rs 600. Find sum. Plz answer Fast​

Answer» FERENCE between the COMPOUND interest and the simple interest on a certain sum of money 16% per annum compounded annually for 2 years is Rs 600. Find sum.─━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━─Principal sum to be invested.─━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━─❥︎Calculation of Simple interest ❥︎ Principal = Rs P❥︎ Time, t = 2 years❥︎ Rate, R = 16% per annum─━─━─━─━─━─━─━─━─━─━─━─━─❥︎Calculation of Compound interest ❥︎Principal = Rs P❥︎Time, t = 2 years❥︎Rate, r = 16% per annum─━─━─━─━─━─━─━─━─━─━─━─━──━─━─━─━─━─━─━─━─━─━─━─━─


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