calculate the difference between simple interest and compound interest for rupees 8000 for 2 years at 10%
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Answer:
The difference between the simple interest and compound interest is Rs 80 . sum of Rs 8000 lent at 10% p.a. in 2 years. ... Therefore the difference between the simple interest and compound interest is Rs 80
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Answer:
S.I=8000*2*10/100
=1600
C.I=8000(1+10/100)^2
=8000*11/10*11/10
=80*121
=9680
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