Question

thousands rupees deposited in the bank after 1 year the difference between the compound interest and simple interest will same rate of interest is 100

Answer 1

Given
Rate=100%
Principal=1000
Time=1year
We know :
simple interest =P*T*R/100
=1000*1*100/100
=1000
Compound interest :
Amount =P(1+r/100)
A =1000(1+100/100)
A =1000(1+1/1)
A=1000(2/1)
A=1000(2)
A =2000
Compound interest :
=Amount - principal
=2000 - 1000
=1000
Diffrence:Simple interest and Compound interest,

=Compound interest - Simple interest
=1000-1000
=0