9. Without using formula, find the difference
between the compound interest and the simple
interest on 16,000 at 9% per annum in 2 years.
Answers
Answered by
7
Answer:
129.6
Step-by-step explanation:
CI=1st yr = (16000x9x1)/100
=1440
2nd yr=(17440x9x1)/100
=1569.6
CI=I1+I2
=1440+1569.6=3009.6
SI=(16000X9X2)/100
=2880
Difference=3009.6-2880=129.6
Answered by
1
Answer:
129.6
Step -by-step explanation:
Use si formula of PRT /100 to find both ci and si
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