calculate the difference between the compound interest and the simple interest on 20000 in 2 years at 8% per annum
Answers
Answered by
2
P = 20000
R= 8%
T= 2years
S.I = P×R×T/100
=20000×8×2/100
=3200
C.I = P(1+r/100)^n-P
=20000(1+8/100)^2 -20000
=20000(108/100)^2 -20000
=20000×108/100 ×108/100 -20000
=23328-20000
=3328
Required ans= 3328-3200
=128
R= 8%
T= 2years
S.I = P×R×T/100
=20000×8×2/100
=3200
C.I = P(1+r/100)^n-P
=20000(1+8/100)^2 -20000
=20000(108/100)^2 -20000
=20000×108/100 ×108/100 -20000
=23328-20000
=3328
Required ans= 3328-3200
=128
Answered by
0
Answer:
Step-by-step explanation:
Attachments:
Similar questions