Question

Find the difference in Interest compounded annually at 8% CI and at 8% SI on Rs 10000 for 2 years.

Answer 1

Answer:

64

Step-by-step explanation:

ci -si =interest for one year on simple interest on one year

this formula applies only when t=2year

si =10000×1×0.08=800

si on 800=800×1×0.08=64

hope this helps