Math, asked by anjandasgupta71, 2 months ago

Calculate the difference between SI & CI on ₹20000 in 2½ years at 10% per annum

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Answers

Answered by bannybannyavvari
3

Step-by-step explanation:

Simple interest= P.R.T/100 = 1000×10×4/100 = 400. Compound interest= P{1+ R/100}™ - P =1000{1+10/1000}^4-1000 = 1464.1 - 1000 = 464.1 Thus difference in interests= 464.1 - 400 = ₹64.1.

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