Question
The difference between compound interest and simple
interest on ₹10,000 at 10% per annum for 2 years is ____.Solution
ATQ,
SI = (10,000 × 10 × 2) / 100 = ₹2000 CI = 10,000 × [(1 + 10/100)² − 1] = 10,000 × (1.21 − 1) = ₹2100 Difference = 2100 − 2000 = ₹100
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