Question

Formula to find differnce between si and ci given rate and year

Answer 1

If the difference between compound and simple interest is of two years than,
Difference = P(R)²/(100)²
Where P = principal amount, R = rate of interest

If the difference between compound and simple interest is of three years than,
Difference = 3 x P(R)²/(100)² + P (R/100)³.
Here also, P = principal amount, R = rate of interest