calculate the difference between the compound interest and the simple interest on rupees 7500 in 2 years and 8% per annum
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Ans=48Rs.
The difference b/w CI n SI for 2 years is given by a formula:
CI-SI = R*SI/100= 8*600/100=48Rs.
R=rate%, S.I=interest for 1 year=7500*8/100=Rs.600
The difference b/w CI n SI for 2 years is given by a formula:
CI-SI = R*SI/100= 8*600/100=48Rs.
R=rate%, S.I=interest for 1 year=7500*8/100=Rs.600
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