Math, asked by shubhambhagat, 1 year ago

calculate the difference between the compound interest and simple simple interest on rupees 20000 in 2 years at 8% per annum

Answers

Answered by sibhiamar

32

difference between CI and SI for 2 years is given by p(r/100)²
CI - SI = 20000(8/100)²
CI - SI = 20000*64/10000
CI - SI = 2*64
CI - SI = 128

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