Question

The difference between compound interest and simple interest on an amount of 15000 for 2 years is
96.​

Answer 1

Answer:

r=8%

Step-by-step explanation:

96=15000(i)²

96÷15000=i²

0.0064=i²

√0.0064=i

i=0.08

r=0.08×100

r=8%