Question

the difference between the compound interest and the simple interest on a certain sum of money at eight percent per annum for 2 years is rupees 112 .find the sum

NO SPAMS

Answer 1

What is the difference between compound interest and simple interest ?
- The difference between compound interest and simple interest is : - The principal in simple interest remains same for every year whereas in the case of compound interest , the principal keeps on changing every area.

Here,
P = Principal
n = conversion periods
T = time period
R = Rate of interest
CI = Compound Interest
SI = Simple Interest
A = Amount
x = a variable for Principal ( assumed by us. )

Answer 2

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