What is the difference between compound interest and simple interest is rupees 25000 deposited at 10% per annum after 2 years?
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Answer:
Step-by-step explanation:
p = 25000
r = 10%
n = 2
SI = pnr/100
=25000*10*2/100
=5000
CI = (p[1+r/100]^n)-p
=25000[1+10/100]^2-25000
=25000[110/100]^2-25000
=25000*110*110/100*100-25000
=25*110*11-25000
=30250-25000
=5250
difference = 5250-5000
=250
kblavanya97:
i didn't reported your answer
yes i done wrong in formula then i changed it
yes i saw i dont know how it went
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