Math / Word Problems

QuestionDeposit $\$ P$ for 2 years at $8\%$ p.a. Find interest for (i) simple interest and (ii) compound interest. If difference is $\$ 240$ , find $P$ .

Studdy Solution
olve for $$.
$=240 /0.0064 = \$37500$ The value of $$ is $37500.

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