Find+the+difference+between+simple+interest+and+compound+interest+on+rs.6400+for+2yrs+at+6+1/4+per+annum+compounded+annually
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1
Answer:
850
Step-by-step explanation:
s.i.=(6400x2x25/4)/100=800
compound interest=6400[(1+25/400)ˆ2-1}
6400[(1+1/16)ˆ2-1]
=6400[289/256-1]
=6400x33/256
=1650
difference=1650-800=850
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