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QUESTION
Q
What is the difference between the simple and compound interest on Rs.7300/- at the rate of 6% per annum in 2 years ?

Solution

Simple interest is given by P = Principal = Rs 7300 T = time period = 2 years R = rate of interest = 6% per annum Simple interest = = Rs...

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Solution

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Difference between compound interest and simple interest for 2 years  is given by == 26.28 Difference between compound interest and simple interest for 3...

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