simple interest on a sum for 2 years at 8 percent per annum is rs 1920. what would be the compound interest on the same sum at the same rate of interest
Answers
Answered by
11
Let the principal be P.
R = 8% per annum
T = 2 years
Further calculations in the attachment ;)
Abbreviations used:
1. Simple Interest = SI
2. Compound Interest = CI
3. Rate % = R
4. Time = T
Answer:
₹ 1996.80
R = 8% per annum
T = 2 years
Further calculations in the attachment ;)
Abbreviations used:
1. Simple Interest = SI
2. Compound Interest = CI
3. Rate % = R
4. Time = T
Answer:
₹ 1996.80
Attachments:
Similar questions