Find the difference between the simple interest and the compound interest on Rs. 5000 for 2 years at 9% per annum?
Answers
Answered by
9
SI=5000x9x2/100=900
M=5000x109/100x109/100=5940.50
CI=5940.5-5000=940.5
DIFFERENCE=940.5-900=40.5
M=5000x109/100x109/100=5940.50
CI=5940.5-5000=940.5
DIFFERENCE=940.5-900=40.5
Similar questions