find the difference between the simple interest and the compound interest on rs 5000 for 2 years at 9%per annum
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1
Answer:
We know,
S.I=
100
P×R×T
=
100
5000×9×2
=900Rs.
A=P(1+
100
R
)
n
=5000(1+
100
9
)
2
A=Rs. 5940.5
C.I.=A−P=5940.5−5000
=940.5
Difference=C.I−S.I
=940.5−900
=40.5 Rs.
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