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10. Find the difference between simple interest and compound interest on 20000at 8 p.c.p.a.2kk

Answer»

Compound Interest=P( 1+ R/100)^T=20000(1+ 8/100)^1=₹21600simple interest=P×R×T/100=20000×8×1/100=₹1600Difference=21600-1600=₹20000



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