an interest of +672 in 2 years if compounded annually!
8. The difference between compound interest and simple interest at 5% per annum. in 2 years is $30. Find the sum.
GROWTH AND DEPRECIATION (APPLI-
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Answer:
Step-by-step explanation:
Difference of S.I & C.I for 2 years is p(
100
r
)
2
Difference =p(
100
r
)
2
D=1250(
100
8
)
2
D=8 Rs.
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