Find the difference between the simple interest and compound interest

Find the difference between the simple interest and compound interest on ₹4800 for 2 years at 5% per annum, compound interest being reckoned annually.

Solution:

Find the compound interest on ₹3125 for 3 years if the rates of interest for the first, second and third year are respectively 4%, 5% and 6% per annum.

Solution:

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