If the compound interest on a certain sum for two years at 10% p.a. is Rs. 2,100, then the simple interest on it at the same rate for two years will be
Question
Solution 1
To solve this problem, we need to understand the difference between compound interest and simple interest.
Compound interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. In this case, the compound interest for two years is Rs Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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