The difference in the simple interest and compound interest on a principal of rs.10,00,000 in 3 years at 4% p.A is
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d = difference
d =P(r/100) 2 (3+r/100)
= 1000000 (4/100) 2 (3+ 4/100)
= loooooox 16/10000x304/100
= 100x16x304=Rs.4864. Ans
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