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Answers
₹ 10.80
Step-by-step explanation:
Given,
P = ₹ 3000
r = 6%
t.= 2 years
Solution:-
Gaining amount for simple interest
SI = Prt/100
= 3000×6×2/100
= ₹ 360
Gaining amount for compound interest
CI = P(1+r/100)ⁿ - P
= 3000(1+6/100)²-3000
= 3000×106×106/10000-3000
= 3370.80-3000
= ₹ 370.80
more gaining amount
= CI-SI
= 370.80-360
= ₹ 10.80
Hope this helps you
Step-by-step explanation:
Compound Interest
CI= 3000
R=6%
n= 2years
CI=P-[R/100]^2
CI= P- [6/100]^2
CI= P- [106/100] ^2
CI= P- [106/100× 106/100]
CI= 3000×106/100×106/100
CI= 106×106/10000-3000
=3370.80-3000
=Rs 370.80
Simple Interest
SI= P×R×T/ 100
3000×6×2/100
Rs 306.
Difference between......
=CI - SI
=307.80- 306
=Rs 10.80..
Hope this helps you...............
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