find the compound interest and simple interest when principal is equal to 7812. 50 rupees rate is equal to 12% and time is equal to 4 years
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Answer:
SI = PRT/100
=7812.5*12*4/100
=3750Rs
CI= P(1+r/100)^n-P
=7812.5(1+12/100)^4-7812.5
=4480.62Rs
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