find the difference between the compound interest and simple interest for 2 year on rs 8,000 at 6% per annum componded annually
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Principle----8000
Rate---6%
time--2
si----ptr/100
si--8000×6×2/100=960.
compound interest by taking out we got 988.8
difference between simple interest and compound interest =988.8-960=28.8
This is the actual answer hope you like it
Rate---6%
time--2
si----ptr/100
si--8000×6×2/100=960.
compound interest by taking out we got 988.8
difference between simple interest and compound interest =988.8-960=28.8
This is the actual answer hope you like it
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