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The interest charged on a certain sum is Rs.720 for one year and Rs. 1,497.60 for two years. Find whether the interest is simple or compound. Also calculate the rate% and the sum.

Answer» The interest charged on a certain sum is Rs.720 for one year and Rs. 1,497.60 for two years. Find whether the interest is simple or compound. Also calculate the rate% and the sum.


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