Question

Find the difference between compound interest and simple interest for the sum ₹1500 at 10% per annum for 2 years.
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Answer 1

Answer:

Step-by-step explanation:

given

sum=1500

t=2yrs

r=10

difference=?

now

sum=10,000*difference/r^2 {this is applicable only if given t=2yrs only for all other cases we have to start with si formula and ci formula

1500=10,000*(d)/(100)

d=15