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Question
The difference between the C.I and S.I for 2 years for a principal of ₹ 5000 at the rate of interest 8% p.a is ___________
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Solution
₹ 32
Explanation;
Hint:
Difference between S.I and C.I is given by the formula
C.I − S.I = `("r"/100)^2`
Principal (P) = 5000, r = 8% p.a
∴ C.I − S.I = `5000(8/100)^2`
= `5000 xx (8/100) xx (8/100)`
= ₹ 32
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