calculate the difference between the simple interest and the compound interest on 4000 in 2 years at 8% per annum compounded yearly
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Answered by
5
Answer:
simple interest=p*R*T
4000*2*8/100
640
compound interest=p(1+r/n)nt
=4000(108/100)*8
40*108*8
34560
Answered by
9
Answer:
25.6₹
first apply the compound int. formula then calculate the amount and c.i.=A-P
second find out the simple int. and different between =CI-SI
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