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if the difference between simple and compound intrest earned on a sum of money at 5% p.c.p.a. for 2 yrs is rs. 16 find the principal |
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Answer» ANSWER: marka sbrainliesta ND follow me Step-by-step EXPLANATION: If the difference between compound and simple interest is of two years than, Difference = P(R)²/(100)² Where P = principal AMOUNT, R = rate of interest If the difference between compound and simple interest is of three years than, Difference = 3 x P(R)²/(100)² + P (R/100)³. Here ALSO, P = principal amount, R = rate of interest |
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