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Interest
Q1.
The difference between the simple interest and the compound interest, compounded annually, on a certain sum of money for 2 years at 16% per annum is ₹797. Find the sum (rounded off to the nearest integer).
Q2.
Find the duration (in years) in which ₹1,200 will amount to ₹2,280 at a rate of 4% per annum simple interest.