what is the difference between C.I and S.I on Rs 2500 for 2 years at 4% p.a.
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Answer:
C.I =P(R/100+1)t
=2500(4/100+1)²
=2500(4+1/100)²
=2500(500/100)²
=2500(5)²
=2500(25)
=62500
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