Find the difference between simple intrest and compound intrest on ₹2500 for 2 years at 4% p.a, compound intrest be reckoned semi- annually.
Answers
Answered by
0
Answer:
1200
Step-by-step explanation:
s.i =p*r*t/100
s.i= 2500*4*2/100
s.i= 200
c.i=p(1-r/100)^t
c.i=2500(1-4/100)^2
c.i= 1400
difference=1400-200
=1200
Answered by
0
Answer:
Compound interest = 1400
Difference = 1200
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