the difference between the S.I and the C.I on rupees 24,000 for 2 years at 5% p.a is
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rs 246 is the difference between SI and CI
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p= principal
r = rate of interest
t = time period
Simple interest = p* r * t
----------
100
= (24000*5*2)/100
= 2400
r = rate of interest
t = time period
Simple interest = p* r * t
----------
100
= (24000*5*2)/100
= 2400
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