find the difference between the compound interest and simple interest on a sum of rupees 50000 at ten percent per annum for 2 years
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first take out the compound interest using formula (P=R+1/100)
and then simple interest by using formula P*R*T/100
THEN SUBTRACT BOTH THE INTEREST.
and then simple interest by using formula P*R*T/100
THEN SUBTRACT BOTH THE INTEREST.
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Simple Interest Formula:
Simple Interest = Principal * Time * Rate of interest / 100
Abbreviated as SI = PTR/100
Simple Interest = Principal * Time * Rate of interest / 100
Abbreviated as SI = PTR/100
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