find the difference between CI and SI in the following cases: a) p = 15000,. N = 2 years,. R% = 6% p. a.
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Step-by-step explanation:
P=15000
T=2years
R=6%
Si= P*R*T/100
Si= 1500*6*2/100
=1800
P=15000
R=6%
t= 2 years
Ci= f.a - o.p
interest for 1 year= 15000*6*1/100 =900
interest for 2 years= 15900*6*1/100=954( 15900+954) = 16854
total amount = 16854
Ci = a- o.p
Ci= 16854- 15000= 1854
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