if the compound intrest on a sum for 2 years at 12 1/2%per annum is rs 510 the simple intrest on the same sum at the same tate for the same period of time is ?
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Compound interest = principal*(1+rate/100)^number of years
substituting values calculate principal
it comes to be 326.4 rs.
simple interest = (principal * rate * number of years)/100
it's rs 81.60
substituting values calculate principal
it comes to be 326.4 rs.
simple interest = (principal * rate * number of years)/100
it's rs 81.60
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