Question

Principal = 1000,Rate = 8.% per annum.fill in the kitan kollowing
table and find which type of interest (simple or compound)
changes in the direct proportion with time period.
Time period.
Simple Interest (in 2)
Compound Interest (in)​

Answer 1

Answer:

Given that Principal (P) = 1000 and Rate (r) = 8% per annum(per year).

Calculating the Simple Interest:

Formula for the simple interest is =

.

So, for 1 year:

.

for 2 years:

.

similarly for 3 years:

.

Calculating the Compound Interest :

The formula for the compound interest is

.

So for 1 year:

.

for 2 years:

.

similarly for 3 years: