what is the difference between the simple and compound interest on rupees 7300 at the rate of 6% per annum in 2 years
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Answers
Answered by
2
Answer:
SI on that sum
=(7300×6×2)/100
=₹756
amount
=p(1+r/100)^n
=7300(1+6/100)^2
=8202.28
CI=amount-principal
=8202.28-7300
=₹902.28
difference of CI and SI
= 902.28-756
=₹146.28
Answered by
4
Answer:
Simple interest formula
P × R × T
--------
100
=7300×6×2
----------
100
= 73×12
=876
COMPOUND INTEREST
t(1+r÷100)2
7300(1+6÷100)2
7300(107÷100)2
7300×107÷100+107÷100
132737÷100
1327.37
657÷25
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