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