Question

Find the difference between compound interest and simple interest on RS.63100 at 10prcnt for 2 yrs

Answer 1

Rs 631.

use successive percentage method .

CI = 10+10+(10*10)/100 = 21%

SI= 10+10 = 20%

now the diffrence is 21-10=1 %.

take 1 percent of 63100 = 631.

Answer 2

Answer:

Rs 631.

use successive percentage method .

CI = 10+10+(10*10)/100 = 21%

SI= 10+10 = 20%

now the diffrence is 21-10=1 %.

take 1 percent of 63100 = 631.