Question

solve any four subquestions
find the difference between simple intrest and compound interest on
s 20000 at 8 p.c.pa for 2 years​

Answer 1

Here, P = Principal = ₹ 20000

R = 8 %

N = 2 years

Simple interest=P×R×N100 =20000×8×2100 =3200Amount=P(1+R100)N =20000(1+8100)2 =20000(1+225)2 =20000(2725)2 =23328Compound interest=23328−20000 =3328Compound interest−Simple interest=3328−3000 =128

Hence, the difference between simple interest and compound interest is ₹ 128.

Answer 2

Answer:

₹128

Step-by-step explanation:

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