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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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Keynote
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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