1. The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is 300. Find the sum.
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By: anil on 05 May 2019 01.55 am
If the principal amount is Rs P and rate of interest is R% then , R = 10% per annum difference between Compund Interest and Simple Interest for 2 years = $$frac{P(R)^2}{100^2}$$ = 300 $$frac{P(10)^2}{100^2}$$ = 300
P = Rs 30000
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P = Rs 30000