find the difference between compound interest and simple interest on an amount of rupees 15000 for 2 years at 4% per annum.
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Step-by-step explanation:
simple interest of the amount=15000*2*4/100=1200rupees
compound interest of the amount=
15000(1+4/100)'2-15000
=15000॥(1+1/25)'2-1॥
=15000॥(26/25)'2-1॥
=15000(676-625/625)
=15000*51/625
=1224
now the difference=1224-1200=24rupees Answer
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