Math, asked by bishnoiyogesh, 5 months ago

The difference of compound interest(CI calculated annually)and simple interest for ₹2000 at 12 % for 1 year is

Answers

Answered by harikrishnanair534

0

Answer:

0

Step-by-step explanation:

SI = PRN/100

2000x12x1/100

=240

Amount of CI

= P(1+R/100)^n

= 2000(1+12/100)^1

= 2000(28/25)

=28x80

=2240

Now, CI =2240-2000

=240

Difference,

240-240

=0

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