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What will be the difference between simple interest and compound interest on sum of Rs 6000 in 2 years at the rate of interest of 5% p.a. (1) Rs 15 (2) Rs 20 (3) Rs 30 (4) Rs 10 |
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Answer» (1) Rs 15 cl = 6000 (1 + 5/100)2 - 6000 = 6000 x 441/400 - 6000 = 615 si = 6000 x 5 x 2 / 100 = 600 ∴ difference = Rs 15 |
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