Question

The diff between compound interest and simple interest on an an amount of Rs. A at 8% per anum for 2 years is 800/- then the amount A is (in rupees)

Answer 1

P=₹800/- R=8% Time =2years

SI =PRT/100
=800 ×8×2/100
=8×8×2
=128
SI =₹128

Amount =SI +P
=₹128 +₹800
=₹928