2. Principal = 1000, Rate -8% per annum. Fill in the following table and fund
which type of interest (simple or compound) changes in direct proportion
time period.
1 year
Time period
Simple Interest (in)
2 years
3 years
Compound Interest (in)
Answers
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1
Answer:
1000×8×1/100=80 =Interest of 1 year is 80
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