Question

calculate the difference between the compound interest and simple interest on 6000 at 8% per annum and 2 years​

Answer 1

• The difference between the simple Interest & the compound interest annually at the rate of 12% per annum on Rs. 6000 for two years will be? ... The interest accumulated on 6000 Rupees in 2 years on simple interest at the rate of 12% = 6000*2*(12 / 100) Rupees = 1440 Rupees. So, the total amount becomes = 7440 Rupees.

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Answer 2

❤Step-by-step explanation:

The difference between the simple Interest & the compound interest annually at the rate of 12% per annum on Rs. 6000 for two years will be? ... The interest accumulated on 6000 Rupees in 2 years on simple interest at the rate of 12% = 6000*2*(12 / 100) Rupees = 1440 Rupees. So, the total amount becomes = 7440 Rupees.