Question

If simple interest on a sum at 4%per annum for 2years is rupees 80 then the compound interest on the same sum for the same period is​

Answer 1

Answer:

81.6

Step-by-step explanation:

SI is same for every year so SI for 1st year is 40.

And SI and CI for 1st year is same

so CI for 1 st year =40

and for second year it is 40+4% of 40(=1.6)=41.6

so total SI is 40+41.6=81.6