find the difference between the compound interest and simple interest on rs.7500 in 2 years 10%per annum
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Answer:
Step-by-step explanation:
SI = PRT/100 = 7500*10*2/100= Rs.1500
CI = A - P
= 7500(1+10/100)² - 7500
=7500(1.1)² -7500
=9,075 - 7500
=Rs.1575
Difference = 1575-1500
=Rs. 75
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