find the difference between compound interest and simple interest on a sum of 12000 at the rate of 12% p.a. for 2 years
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case 1
si=12000*0.12*2=rs2880
case 2
amount=12000((1+0.12)=rs15052.8
ci=rs15052.8-12000=rs3052.8
difference=rs3052.8-2880=rs172.8
si=12000*0.12*2=rs2880
case 2
amount=12000((1+0.12)=rs15052.8
ci=rs15052.8-12000=rs3052.8
difference=rs3052.8-2880=rs172.8
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