Question

find the difference in simple interest and compound interest on 2500 at 20%p.a. for 3 year​

Answer 1

Step-by-step explanation:

si=prt/100=2500×20×3/100=1500

now,, ci=p(1+ r/100)^n((where n is time))

ci=1820

ci-si==1820-1500=320