Question

What is the difference between amount for 2 years amd 3 years for Rs 500 at 10% compound interest?​

Answer 1

Answer:

S.I = P×R ×n /100 = 5000 ×10×3/100 = 1500

C.I = P (1+R/100)^n - P = 5000 [(1+ 10/100)^3-1 ]= 1655

C.I - S.I = 1655-1500= 155