Question

find the differences between the compound interest and simple interest on 120000 for 1 whole 1 upon 2 years at the rate of 4% per annum​

Answer 1

Answer:

192

Step-by-step Explanation:-

Total amount with CI

120000 X 104/100 X 104/10

12 X 104 x 104

129792

CI =Total-Given Amount

=129792-120000

= 9792

Now SI

SI= PNR /100

SI=120000 X 2 X 4/100

= 1200 X 8 =9600

Difference Between CI and SI

9792-9600= 192

. HOPE IT IS HELPFUL.