Find the difference between simple interest and compound interest on ₹ 20000 at 8 p.c.p.a
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note down in your copy is a full step
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Hay mate
Here is your answer
Amount=P[1+r/100]
Amount=20000[1+4/100]
Amount=20000*104/100
Amount=1600
You do not have written time so i take it
1 year
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