Difference between simple interest and compound interest at the rate of 10% p.a. for 2 years is Rs 480, find the sum.
Difference = Rs 480 Rate = 10% p.a. Time = 2 years C.I - S.I = P(R/100)n 480 = P(10/100)2 P = 480 x 10000/100 P = Rs 48000
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