the difference of compound interest and simple interest on ₹50000at 4% annually for two years will be
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Answer:
Step-by-step explanation:
Simple Interest:
A= PRT/100
P= Principal
R= Rate of Interest
T= Time period
A=(50000*4*2)/100
A=4000 INR
Compound Interest:
A=P(1+(r/100))^t
P= Principal
r= Rate of Interest
t= Time period
A=50000(1+(4/100))^2
A=54080 INR
Difference Between The Compound and Simple Value:
54080-4000
=50080 INR
rishirajsharma197:
sorry its wrong..........my friends clicked submit the asnwer before I completed it.......
its ok
please send me the full answer
okay rey wait
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