Question

find the difference of compound interest and simple interest on rupees 2000 at 10% per annum for 2 years

Answer 1

S.I= P×R×T/100
=2000×10×2/100 =40
S.I=400

C.I =A(1+R/100)nis a time
=2000×110/100 110/100 =440
C.I=Amount_C.I
C.I =2000_440= 1560
Amount=1560_400=1160 answer
l hope you understand
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