find the difference between simple interest and the compound interest on 50000 for 2 years at 9% p.a.
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p=50000
t=2
r=9
si=prt/100
=50000×2×9/100
=9000
for ci
a=p×(1+r/100)^t
=50000×109×109/10000
=59405
ci=a-p
9405
difference =ci-si
=9405-9000
=405 ans
t=2
r=9
si=prt/100
=50000×2×9/100
=9000
for ci
a=p×(1+r/100)^t
=50000×109×109/10000
=59405
ci=a-p
9405
difference =ci-si
=9405-9000
=405 ans
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