Math, asked by cheesynacho4real, 6 months ago

The difference between the compound interest and the simple interest on ` 10,000 in two years and at 5% per year is

Answers

Answered by shivanichauhan21july

1

RS.1000

Step-by-step explanation:

PRINCIPLE - 10,000

TIME - 2 YEARS

RATE - 5% PER ANNUM

SIMPLE INTEREST - ?

SIMPLE INTEREST = PRINCIPLE × TIME × RATE / 100

SIMPLE INTEREST = 10,000 × 2 × 5 / 100

SIMPLE INTEREST = RS. 1000

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