Question

Find the difference between the simple interest and compound interest for 2 years for a principal of 5000 at the rate of interest 8 percentage per annum

Answer 1

Answer:

Step-by-step explanation:

difference between S.I and C.I for 2 yrs  = P( i)²

                                                                  = 5000 x 8/100 x 8/100

                                                                   = Rs. 32