14. Find the difference between the simple interest
and compound interest on ₹12500 for 3 years at
12% p.a. compounded annually.
Answers
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Step-by-step explanation:
p=22500
time=3
rate=12%
si=P R T/100
22500×3×12/100
=8100
CI= p(1+R/100)^T - 1
22500(1+12/100)^3 -1
22500×(28×28×28-25×25×25)/25×25×25
=9110.88
CI-Si =9110.88 - 8100
=1010.88
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