Question

The difference between the compound interest and simple interest on a sum of Rs 2,00,000 at 10% annum for 2 years is​

Answer 1

Answer:

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Answer 2

Answer:

$200000( 1 + { \frac{10}{100}) }^{2}$

$200000 \times \frac{11}{10} \times \frac{11}{10}$

$2000 \times 121$

$242000$

now, simple interest

$\frac{200000 \times 10 \times 2}{100}$

$24000 \times 10 \times 2$

$480000$

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Step-by-step explanation:

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