calculate the difference between the simple interest and the compound interest on Rs4000in 2 years at 8℅ per annum compounded yearly
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Answer:
Step-by-step explanation:
SI =p*r*t/100
SI=₹640
CI=A=P (1+R÷100)^2
A=4000*64
=₹256000
CI=A-P
CI=256000-4000
CI=₹252000
CI-SI=INTEREST
252000-640=251360₹
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