Question

Ramesh took a loan of 65,550 for 5years at the rate of 12% per annum. what is the difference between the amount compounded annually and simple interest?

Answer 1

Answer:

22788

Step-by-step explanation:

CI = 16512 ... By formula

I = 39300 ... BY formula

I-Ci = 22788

Answer 2

Answer:

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