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What is the difference between CI and SI on ₹ 10000 for 2 years at 6.5% per annum?10,000 for two years is Rs. 64 at the same rate of interest per annum.
What is the difference between SI and CI on sum of 1000 for 2 years at 10 *?Difference = Rs 10. ∴ The difference of CI and SI for 2 years is Rs. 10.
What is the difference between simple and compound interest on rupees the 1000% for 5 years?Simple interest= P.R.T/100 = 1000×10×4/100 = 400. Compound interest= P{1+ R/100}™ - P =1000{1+10/1000}^4-1000 = 1464.1 - 1000 = 464.1 Thus difference in interests= 464.1 - 400 = ₹64.1.
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What will be the difference between the CI and SI on Rs 1000 at the rate of 5% pa for 2 years?
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