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12. The difference between the compound interest and Simple interest on a sum of Rs.42,500 for 3 years at a rate of 8% p.a. will be --------------- Select one: Rs.837.76 Rs.721.56 Rs.930 Rs. 1102.32 |
| Answer» SUM =PSimple INTEREST for THREE YEARS =P× 1005 ×10=0.15PCI=P(1+ 1005 ) 3 −P=P(1.05) 3 −P1.15763P−P=0.15763PDifference between COMPOUND interest and simple interestCI−SI=0.51763P−0.15P=0.00763P0.00763P=76.30P=10,000 | |