Question

Find the difference between C. I and
S. I on rs. 2000 for three years at
10%p.a.*​

Answer 1

SI=(2000*10*3/100)=600

CI={100*(1+10/100)2-100}

={(100*9/100*9/10)-100}

=81-100= -19

(SI)-(CI)=600-(-19)

=619

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