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please answer my question fast
question no.7
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check it on google.
ayushisingh17:
if u don't know then don't give these answers
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Answer:
in compound interest-
Principal= Rs.20000
Rate-6%
time-1 year
Amount=p(1+r/100)^2t
=20000(1+6/100)^2
=20000(106/100)^2
=20000(53/50)^2
=20000*2809/2500
=Rs.22,472
In simple interest
Si-P*R*2T/100
-20000*6*2/100
-Rs.2400
Amount= 20000+2400
=Rs.22400
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