If the difference between compound and simple interest on a certain sum of money for 3 years at 10% per annum is ₹310, what is the sum?
Question
Solution 1
Sure, let's solve this step by step.
Step 1: Understand the formula The difference between compound interest and simple interest for 3 years is given by the formula: P*(r/100)^2, where P is the principal amount and r is the rate of interest.
Step 2: Substitute the given values In this case, the d Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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