Required sum - n0.000.
exercise 1.3
1. the difference between the simple interest and compound
interest on a sum put for 2 years at 5% was n6.90. find the
sum.(ans. n2,300]

%40

step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of