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Find the compound interest charged by …

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Find the compound interest charged by a bank on an amount of Rs. 5000 for 2 years at 9% annum. By how much will the interest differ if the bank charges simple interest at the same rate for the same time.
  • 2 answers

Khushi Narwal 3 years ago

You should use the formula of amount A = P( 1+R/100) in this Amount = 5000 Time = 2 year Rate 9% per annum

Amit Kumar 3 years ago

Hii
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