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A principal of ₹ 40,000 is compounded annually at the rate of 10% for 2 years. What is the compound interest and is it greater than the simple interest for the same rate and the same time? |
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Answer» A principal of ₹ 40,000 is compounded annually at the rate of 10% for 2 years. What is the compound interest and is it greater than the simple interest for the same rate and the same time? |
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