Find the simple imesest and compound interest
on Rs.4,000
for two years
10% per
at
annum
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Principal (P) = ₹4,000
Time (T) = 2yrs
Rate (R) = 10%
Simple interest (SI) = P*R*T/100
=4000*2*10/100
= ₹800
compound interest = P[(1+R/100)^t-1]
=4000[(1+10/100)^2-1]
= ₹40
Time (T) = 2yrs
Rate (R) = 10%
Simple interest (SI) = P*R*T/100
=4000*2*10/100
= ₹800
compound interest = P[(1+R/100)^t-1]
=4000[(1+10/100)^2-1]
= ₹40
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