Question

find the difference between compound interest and simple interest on RS 63100 @10% per annum for 2 years.

Answer 1

Simple Interest=P*R*T/100.
63100*10*2/100
=12620
Compound Interest=A(1+R/100)n.
63100(1+10/100)(1+10/100)
=76351
Compound Interest=76351-63100=13251
Difference between Simple Interest and Compound Interest
13251-12620=631

Answer 2

Answer:

Rs. 631

Step-by-step explanation:

Pls  mark me as Brainliest