1. The difference between the compound interest and simple interest on 10,000 for 2 years is 25. The rate of interest per annum is
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By: anil on 05 May 2019 02.00 am
Difference between CI and SI for 2 years = $$frac{PR^2}{100^2}$$ $$frac{PR^2}{100^2}$$ = 25
P = 10000 using the given values we get R(rate of interest ) = 5%
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P = 10000 using the given values we get R(rate of interest ) = 5%