The difference in the simple interest and compound interest on a certain amount for two years at 6%per annum is 3600. Find the amount :

  • 10,00,000
  • 50,000
  • 1,00,000
  • 15,00,000
  • Explanation:

    Amount = P×r2/100

                = 3600

                =P×62/100

                 =3600

             P = 10,00,000                         

The difference in the simple interest and compound interest on a certain amount for two years at 6%p
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