Formula for 2 year difference between si and ci
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Ps1 = P(1 + nR/100) for simple interest
Pc1 = P(1 + R/100)r for compound interest
difference -
Ps1 - Pc1 = P( 1 + R/100) - P(1 + nR)
n = 2 and n=3 into this formula.
Pc1 = P(1 + R/100)r for compound interest
difference -
Ps1 - Pc1 = P( 1 + R/100) - P(1 + nR)
n = 2 and n=3 into this formula.
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