Calculate the difference between the compound interest and the simple interest on ₹20000 in 2 years at 8% per annum.
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20
see the attachment and please make the answer as brainlist answer
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9
Answer:
Step-by-step explanation:
P = 20000
R= 8%
T= 2years
S.I = P×R×T/100
=20000×8×2/100
=3200
C.I = P(1+r/100)^n-P
=20000(1+8/100)^2 -20000
=20000(108/100)^2 -20000
=20000×108/100 ×108/100 -20000
=23328-20000
=3328
Required ans= 3328-3200
=128
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