A sum becomes 16 times itself when compounded half yearly for 2 years. It becomes 27 times itself in X X X years when compounded annually at the same ...
Question
A sum becomes 16 times itself when compounded half yearly for 2 years. It becomes 27 times itself in years when compounded annually at the same rate. Find the difference between the compound interest (compounded annually) and simple interest received when Rs 15,000 is invested for years at 10% per annum.