Question

find the difference between simple interest and compound interest on 2500 rupees at 20% per annum for 3 years​

Answer 1

Answer:

for simple interest the formula is here

$\frac{pinciple \times time \times rate}{100}$

for compound interest the formula is here

$principle( \frac{1 + rate}{100} )$

ok

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.please mark my answers as brainliest

Answer 2

Answer:2820 or 320

Step-by-step explanation:Compound interest= P(1+r/n)^(nt)

P = the principal investment amount

r = the interest rate (decimal)

n = the number of times that interest is compounded per period

t = the number of periods the money is invested for

2500(1+20/1)^(1x3)=4320

Simple interest=PRT/100

                          =(2500x20%x3)/100

                           =1500

Final value=4000

=4320-4000

=320

Either of the answers may be right i'm not sure or

=4320-1500

=2820