Question

the difference between compound intrest and simple intrest on sum of 1500 for 2 years is 96 what is the rate of intrest​

Answer 1

Answer:

Difference between the Compound interest and Simple interest for 2- years is given by the formula

I= Pi²

where I= difference between C.I and S.I for 2- years.

P= Principal

i= rate of interest in decimal.

So i² = I/P

i²= 96/15000

i²= 0.0064

So I = √(0.0064)= 0.08

So the rate of interest = 8%

Answer 2

Answer:

the interest in more than

Step-by-step explanation:

1500 / 2 + 96

= 1500 / 2

= 750

= 750 + 96

= 846