Question

On what sum will the difference between the simple and compound interest for 3 years at 20% percent per annum amounts to Rs 66.56?

Q: On what sum will the difference between the simple and compound interest for 3 years at 20% percent

We have the formula: Difference = (PR 2 (300 + R))/(100) 3 66.56 = (P × (20) 2 × (300 + 20))/(100) 3 P = (66.56 × 100 × 100 × 100)/(20 × 20 × 320) P = Rs. 520

A Rs 540

B Rs 520

C Rs 500

D Rs 450

E Rs 480

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On what sum will the difference between the simple and compound interest for 3 years at 20% percent per annum amounts to Rs 66.56?

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