find the difference between compound interest on a sum of RS 12,000 at the rate of 12% p.a.for two years .( compound interest)
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Answer:
Principal- Rs.12000
Rate-12%
time-2 years
1.) amount- princiapal(1+rate/100)^t
A= 12000(1+12/100)^2
A= 12000(112/100)^2
A= 12000(28/25)^2
A= 12000*784/625
A= Rs.15052.8
CI- 15052.8-12000 = Rs.3052.8
2.) Simple interest= principal*rate*time/100
SI= 12000*12*2/100
SI= Rs.2880
3.) Difference-) CI-SI
= 3052.8-2880
=Rs.172.8
Step-by-step explanation:
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