Question

4. What is the difference between the compound interest and simple interest on 8,000 at 15% p.a. for 2 years?​

Answer 1

There is one formula for finding the difference between C.I. and S.I. for 2 years is D = Pr^2/100^2

so,

D=?, P=8000,R=15%

D=8000x15x15/100x100

D=180.

Difference between C.I. and S.I. = 180.

please mark as brainliest answer.