Question

6. Find the sum on which the difference between
the simple interest and the compound interest
at the rate of 8% per annum compounded​

Answer 1

Answer:

hope it is helpful to you

Step-by-step explanation:

let money be =100 RS

to calculate simple interest

p= RS.100;R=8%, T = 2years

S.I= RS. 100 x 8 x 2/100

= RSVP. 16

to calculate compound interest

for 1st year

P=Rs.100;R=8% and T= 1year

amount =Rs. 100+ Rs. 8.64 = 116.64

C. I =Rs. 116.64- RS.100= RS. 16.64

difference between C. I And S. i

16.64-16

= 0.64