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find the difference between compound interest and simple interest 50,000 at 12% per annum for 3 years |
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Answer» Answer: 2,246.4 Step-by-step explanation: amount=p(1+r/100)n a=50000(1+12/100)³ a=50000(112/100)³ a=50000×112/100×112/100×112/100 a=70,246.4 COMPOUND INTEREST =A-P 20,246.4 simple interest =p×r×t/100 18,000 difference in CI and si=20246.4-18000 2,246.4 answer MARK ME AS BRANLIST |
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