Find the difference between compound interest and simple interest on Rs4500 at 12percent p.a.for 5years
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Answer:
Sl=PNR/100=4500x5x12/100=
= 2700
CI
A =P (I +r/100) 5
= 4500x (112/100) 5=7930
Cl=7930-4500 = 3430
Cl-SI=3430-2700 = Rs.730. Ans
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