Question

find out the difference of simple interest for 2years and 3years on. sum of Rs2100 at 8% per annum​

Answer 1

Answer

The difference of interest for 2 years and 3 years on a sum of ₹ 2100 at 8% per annum is ₹ 168.

From the question it is given that,

Then, we know the formula of Simple interest I = (P × R × T)/100.

I = (P × R × T)/100.

The difference of interest for 2 years and 3 years = 3 years – 2 yeas.

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