Math, asked by Sveta, 8 months ago

the difference between Compound interest and simple interest on ₹800 at 5% per annum for 1 year is ?

Answers

Answered by shaziakazmi3103

1

Answer:

CI=P[(1+R/100)^n-1]

CI=800[(1+5/100)^1-1]

CI=800[105/100-1]

CI=800*5/100

CI= Rs 40

SI=P*R*T/100

SI=800*5*1/100

SI= Rs 40

Difference= 40-40=0

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