Question

The difference between simple and compound interest annually on same amount at 8% for 2 years is TK 12.80. What is the principal amount?​

Answer 1

Answer:When time is 2 years than

Difference of CI and SI = P[  

100

R

​  

 

2

]

D = 2000 (  

100

8

​  

)(  

100

8

​  

) =  

10

128

​  

 

= 12.8 = Rs 13

Step-by-step explanation: