the difference between Si and CI for 2 years for a principal of rupees 5000 at the rate of interest 8% per annum is
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Answer:
SI = (PxRxT)/100
SI = (5000 x 8 x 2)/100
SI = 800
CI = P[1 + R/100]^n -P
CI = 5000(1 + 8/100)² -5000
CI = 5000 x 729/625 -5000
CI = 8 x 729 -5000
CI = 5832 -5000
CI = 832
CI - SI = 832 - 800
CI - SI = 32
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