Question

find the compound interest charged by the bank on an amount of 4000 for 2 years at 11.5% per annum by how much will the interest differ in the bank charge simple interest at the same rate

Answer 1

this is the formula you need to do this sum

Answer 2

Step-by-step explanation:

फाइंड द कंपाउंड इंटरेस्ट चार्जड बाय बैंक में अमाउंट ऑफ 42 ईयर अट 11.5% p.a. बाय हाउ मच विल द इंटरेस्ट फॉर इन द बैंक 4 सिंपल इंटरेस्ट अट सेम टाइम