Question

Seema invested rupees 6400 for 3 years at the rate of 10% per annum compound and a compounded annually invested the same amount at the same rate for the same time but on simple interest who gets more interest and by how much​

Answer 1

Answer:

p=6400

t=3years

r=10%

s. I. =

$p \times r \times t \div 100$

1920

c. I. =p(1+r/100)^n-p

6400(1+10/100)^3-6400

2118.4

hence seems will get more interest in compound interest.