Difference between simple and compound interest on rs 5000 for 3 years at the annual rate of 10% is
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S.I.=P*R*T/100
S.I.=5000*10*3/100
S.I.=50*10*3
S.I.=1500
A=P(1+R/100)ki power N
A=5000(1+10/100)ki power 3
A=5000(1+1/10)ki power 3
A=5000*11*11*11/10/10/10
A=5*1331
A=6655
C.I.=A-P
C.I.=6655-5000
C.I.=1655
DIFFERENCE=C.I.-S.I.=1655-1500
DIFFERENCE=155
S.I.=5000*10*3/100
S.I.=50*10*3
S.I.=1500
A=P(1+R/100)ki power N
A=5000(1+10/100)ki power 3
A=5000(1+1/10)ki power 3
A=5000*11*11*11/10/10/10
A=5*1331
A=6655
C.I.=A-P
C.I.=6655-5000
C.I.=1655
DIFFERENCE=C.I.-S.I.=1655-1500
DIFFERENCE=155
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