give me answer fast plzz...
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Answer:
Step-by-step explanation:
P=Rs 5000
T=2 years
R=9%
Simple Interest =PTR/100 = 5000×2×9/100 =Rs 900
Compound Interest = A= P+(1+R/100)whole power n
Here, P=Rs 5000, R=9%, n=2
Now substituting
A=5000 (1+9/100)whole power 2
=5000 (100+9/100)whole power 2
=5000 (109/100)whole power 2
=5000 (109/100 ×109/100)
=11881/2
=5940.50
Compound Interest = A-P =5940.50-5000=940.50
Difference between the simple interest and compound interest
=compound interest -simple interest
=940.50-900.00
=Rs 40.50 is the answer
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