find the difference between compound interest and simple interest on RS 63100 @10% per annum for 2 years.
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Simple Interest=P*R*T/100.
63100*10*2/100
=12620
Compound Interest=A(1+R/100)n.
63100(1+10/100)(1+10/100)
=76351
Compound Interest=76351-63100=13251
Difference between Simple Interest and Compound Interest
13251-12620=631
63100*10*2/100
=12620
Compound Interest=A(1+R/100)n.
63100(1+10/100)(1+10/100)
=76351
Compound Interest=76351-63100=13251
Difference between Simple Interest and Compound Interest
13251-12620=631
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0
Answer:
Rs. 631
Step-by-step explanation:
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