The difference between C.I. (compound interest and S.I. (simple interest) on a sum of 4,000 for 2 years at 5% p.a. payable yearly is
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1
Answer:
10
Step-by-step explanation:
s.i=prt/100
sl=4000×5×2/100
=400
si for 1st year
200
then next year
si=4200×5/100
=210
total compound interest is 200+210=410
difference is 410-400=10
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