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QUESTION
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The difference between simple and compound interests compounded annually on a certain amount of money for 2 years at 5%...

Solution

Let, the amount be = a The amount ‘a’ after 2 years when it is compounded annually at the rate of 5% per...

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The difference between compound interest and simple interest on amount 'a' for 2 years at r% per annum is Given the...

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