Question

what is different between the compound interest and simple interest on rupee 8000 at 15% per annum for 2 year ?​

Answer 1

Answer:

Let p=8000

r=15%

t=2years

cp=8000×115%×115%

amount=10580

SI=8000×2×15÷100

SI=2400

amount at SI=8000+2400=10400

Difference=10580-10400=180ans.