Math, asked by avika505043, 1 year ago

calculate the difference between the compound interest and the simple interest on Rs 2000 in 2 years at 8% per annum

Answers

Answered by balu4bose

2

Answer:

12.8

Step-by-step explanation:

Simple Interest

1st year : 2000*8% = 160

2nd Year: 2000*8% = 160

Total = 320 (120+120)

Compond Interest

1st Year : 2000*8% = 160

2nd Year : (2000+160)*8% = 172.8

Total = 332.80 (160+172.8)

Difference = 12.80 (332.80-320)

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