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The difference between the compound interest and simple interest at 5 per cent per annum is two years is rupees 30 then find the sum?
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The difference between the compound interest and simple interest at 5 ...
Explanation:

Let the principal be 'P'.

The rate of interest is 5% per annum.

The time period is 2 years.

Simple Interest = (P x R x T)/100 = (P x 5 x 2)/100 = P/10

Compound Interest = P(1 + R/100)^T - P = P(1 + 5/100)^2 - P = P(441/400) - P = 41P/400

Difference between Compound Interest and Simple Interest = 41P/400 - P/10 = 3P/400

Given, 3P/400 = Rs. 30

Therefore, P = (30 x 400)/3 = Rs. 4000

Hence, the sum is Rs. 4000.
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The difference between the compound interest and simple interest at 5 ...
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The difference between the compound interest and simple interest at 5 per cent per annum is two years is rupees 30 then find the sum?
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