Simple interest on a principal of Rs. 5,000 at the rate of 20% for 4 years is__
The difference between compound interest and simple interest on a certain sum of money in 2 years at 4% per annum is Rs. 5,000. Find the principal amount
The simple interest on a certain sum for 3 years is Rs. 1080 and the compound interest on the same sum at the same rate for 2 years is Rs. 741.60. Find :
1. The rate of interest.
2. The principal.