Question

e. If the compound interest on a certain sum for 2 years at 12% per annum is 1,590,
what would be the simple interest?​

Answer 1

Answer:

Simple Interest will be 1502.36 in the given currency.

Step-by-step explanation:

First find the principal amount using Compound interest formula. It'll come 6259.84.

Now, Use simple interest formula. The answer will be 1502.36.