find the difference between compound interest and simple interest on a sum of 16000 for 3 year the rate of interest is 2% per annum
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Answer:
19.33 rupees
Step-by-step explanation:
compound amount = 16979.33 rupees
& C.I . = 979.33 rupees
Simple interest = 960 rupees
subtract C.I. - S.I.
= 979.33- 960
= 19.33 rupees
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