Question

find the difference between simple interest and compund interest on rs 1000 for 2years at 10 % p.a​

Answer 1

Answer:

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Answer 2

Answer:

Given, P=1000

r=10

n=2

so, A=P(1+r/100) ^2

=1000(1+10/100) ^2

=1000(1+1/10) ^2

=1000*11/10*11/10

= 10*11*11

=1210

so, compound interest= A-P

=1210-1000

=210