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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Answer:
52.68
Step-by-step explanation:
simple interest of rupees 7300 at the rate 6%is
7300*6/100=438
438*2=876
and the compound interest will be
8178*6/100=490.68
8178+490.68=8668.68
438+490.68=928.68
928.68-876=52.68
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