find the difference between the compound interest and the simple interest on 30000 at 7% per annum for 3 years
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simple interest = 30000×7×3÷100
=6300
amount =30000+6300
=36300
compound interest
for 1st year
30000×7×1÷100
=2100
amount =30000+2100
=32100
=6300
amount =30000+6300
=36300
compound interest
for 1st year
30000×7×1÷100
=2100
amount =30000+2100
=32100
vineetkumarsingh48:
You answer wrong
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