Question

Find the difference between simple intrest and compound intrest on Rs 20000 at 8 p.c.p.a​

Answer 1

difference will be 0 Rs for one year and rs 128 for 2 year

Answer 2

use compound interest formula p (1+rate /100)^time taken - p

and then evaluate the compound interest

then find simple interest by pnr/10000 and subtract it