Question

The difference between the compound interest and the simple interest on a certain sum for 2 years at 10% per annum, when the interest

Answer 1

for example take

₹100@10%*2years

now si 100*10% for 2 years

year1 100*10%=10

year2 100*10%=10

si for 2 years is 10+10=20

ci is amount present*10%

year1 100*10%=10

year2 (100+10)*10%,

110*10%=11

ci = 100+10+11=121