Question

The simple interest for 2 years, for the same amount and for the same rate of interest is ______ than the compound interest.​

Answer 1

Answer:

p = amount i = intrest/100

t = no of years

simple interest = Pit

compound intrest = p(1+i)ñ

it means every year compound interest is increase 1.07 ( multiple )

in the simples intrest rate of intrest multiple with no of years

but into compound intrest count with square of 1 plus intrest

please like fully described Ans..

Answer 2

Answer:

p,t

Step-by-step explanation:

p=amount i = interest/100

t=no of years