calculate the difference between simple interest and compound interest on rupees 6000 rate it is 8% and time period is 2 years per annum. please give the and fast if you do so then I mark as brainlist answer
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Answer:
Here,
S.I = P×T×R/100 = 6000×8×2/100 = RS.960
Again,
C.I = P[1 +R/100]^² -1
=6000(1+ 8/100]² -1
=6000(108/100)²-1
=6000(1.08)² -1
= 6000(1.1664 -1)
=6000× 0.1664
=Rs.998.4
The difference between SI and CI = CI - SI
= RS.998.4 -RS.960
=RS.38.4
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