Find the difference between compound and simple interest on rs2400 for 2 years at 5% per annum compounded annualy
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si= p×r×t/100
2400×2×5/100
rs240
ci=p(1+r/100)sqr-p
2400(1+5/100)sqr2-2400
rs248
difference=ci-si
248-240
ans=rs8
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