Question
What will be the differnce between SI & CI on Rs. 15000
for 3 years at rate of 10% per annum ?Solution
Difference between SI & CI for 3 years = PR2 (300 + R)/1003 = 15000 x 102 (300 + 10)/1003 = 15000 x 100 x 310/1000000 = Rs. 465
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