Question

Find the difference between compounded interest and simple interest on 63100 at 10% p. a. for 2 years
​

Answer 1

Answer:

631

step:1 C.I-S.I= P(r/100)²

step:2 63100×10/100×10/100

step:3 If you cancel the zeros you can get 631

Answer 2

Answer:

Difference between CI and SI is 631 rupees

Step-by-step explanation:

Formula=P(r/100)^2

Then,63100×10/100×10/100

cut zeros than your answer will be 631 rupees.