4. Find the compound interest on 5000 for 3 years
at 5%. Also find the simple interest for 5000 for 3
years at 6%. Find the difference in interests.
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Answer:
CI=5000× 105/100×105/100×105/100
=5788.125
CI = 5788.125-5000
CI =788.125
si = 5000×3×6/100
SI = 900
difference = 900-788.125=111.875
answer = 111.875
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