Question
What will be the differnce between SI & CI on Rs. 5000
for 3 years at rate of 20% per annum ?Solution
Difference between SI & CI for 3 years = PR2 (300 + R)/1003 = 5000 x 202 (300 + 20)/1003 = 5000 x 400 x 320/1000000 = Rs. 640
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