Calculate the difference between the compound interest and the simple interest on Rs 12000 at 9% per annumin 2years. No SPAM
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SI=P*t*r/100
=12000*2*9/100
=2160
CI=p(1+r/100)²-p
=12000(1+.09)²-12000
=(12000*1.1881)-12000
=14,257.20-12000
=2257.20
Difference btw CI and SI is
2257.20-2160=97.20
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