Find the difference between the simple interest and compound inteterest on rupees 5000 for 2years at 9percentage per annum.
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P=5000
T=2yrs
R=9%p.a
SI=p*r*t/100
= 5000*9*2/100
= 900
A= p(1+r/100)^t
= 5000(1+9/100)²
= 5940.5
CI= A-P
= 5940.5-5000
= 940.5
Difference between CI and SI
= CI-SI
= 940.5-900
= 40.5
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