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Divya sree reddy Tiwari Asked a Question April 12, 2020 2:20 pm
30 pts - CSIR NET
- Mathematical Sciences
Can you clearly define what is simple interest and compound interest. In this problem ,only Annual payment must be found but compound interest and simple interest are also given . Which formula is used to find simple interest and in the calculation of compound interest T = 8 (as per Question),but value is taken as 2.
Can you please explain?
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