Question

Find the difference between Simple Interest
and Compound Interest on 10,000 for
2 years at the rate of 5% p.a.​

Answer 1

Answer:

SI=P*R*T/100

SI=(10000*2*5)100=1000

CI=710 BY THE FORMULA{ P(1+R/100)^2-1}

DIFFERENCE BETWEEN CI AND SI=1000-710=290

I HOPE IT WILL HELP YOU