Question

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4. Find the difference between the simple interest and compound interest on rs 20,000 at 10% compounded annually for 3 years​

Answer 1

Here is Your answer

⇒ P=Rs.20,000,T=2years and R=8%.

⇒ S.I.= 100

P×R×T

⇒ S.I.= 20000×8×2

100

∴ S.I.=Rs.3200.

⇒ C.I.=P(1+ R ) -P

100

⇒ C.I.=20,000×(1+8) -20,000

100

⇒ C.I.=23,328−20,000

∴ C.I.=Rs.3328.

⇒ C.I.−S.I=Rs.3328−Rs.3200=Rs.128

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Answer 2

Answer:

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