Question

1000 is deposited in a Bank. After 1 year the difference between the compound interest and simple interest with same rate of interest is 100 (c) (b) 200 (d) None of these
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Answer 1

We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.