if p=3000,r=8% and t=2years then simple interest is
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SI=480
CI=499.2
SI&CI DIFFERENCE 19.2
Step-by-step explanation:
SI=P×r×t
SI=3000×8%×2=480
CI=P[(1+i)² - 1]
CI=3000(1.08)² - 1
CI=499.2
CI & SI For 2 Yrs
P(i)²=3000(0.08)²=19.2
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