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1). 742.52). 624.53). 714.54). 825.25 |
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Answer» Given, Principal = Rs. 2500, Rate = 30%, Time = 3 years When the interest is compounded annually, Compound interest = Principal × [(1 + Rate/100)Time - 1] ⇒ Compound interest = 2500 × [(1 + 30/100)3 - 1] = 2500 × 1.197 = Rs. 2992.5 SIMPLE interest = (Principal × Rate × Time)/100 ⇒ Simple interest = (2500 × 30 × 3)/100 = Rs. 2250 ∴ REQUIRED difference = 2992.5 - 2250 = Rs. 742.5 |
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