Question

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.​

Answer 1

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

Answer 2

Answer:

129.6

Step -by-step explanation:

Use si formula of PRT /100 to find both ci and si