Find the difference between the SI and CI for the sum rs 12500 @ 4% p.a for 2 years
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Answer:
For the first year, Simple Interest = Compound Interest =
100
PTR
I
1
=
100
4000×1×5
=200
For the second year, simple interest remains same and compund interest will be the simple interest on new amount=4000+200=4200
Compound Interest for second year =
100
4200×1×5
=210
Simple Interest for second year=I
1
=200
Difference 220−210=Rs.10
Step-by-step explanation:
hope it's help you
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