The difference in simple and compound interest for Rs. 2,000 at 10% per annum in 2 years, compounded anually is?????
Dhruv1202:
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SI% = 20
CI %= 21
difference = 21-20 = 1 %
100 % = 2000
1 % = 2000/100 = Rs 20 will be the answer
CI %= 21
difference = 21-20 = 1 %
100 % = 2000
1 % = 2000/100 = Rs 20 will be the answer
The options are
what ??
Rs 20, Rs200, Rs400, Rs0
sry 20 will be the answer
edited
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was writing exam
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