Question

*What is the difference between amounts for 2 years and 3 years for Rs. 500 at 10% compound interest?*

1️⃣ ₹.665.50
2️⃣ ₹ 60
3️⃣ ₹ 60.50
4️⃣ ₹ 605​

Answer 1

Answer:

is an easy and quick method of calculating an interest charge on a loan. Simple interest (S.I.) is determined by multiplying the principal (P) with rate of interest (R) and time period (T).

an easy and quick method of calculating an interest charge on a loan. Simple interest (S.I.) is determined by multiplying the principal (P) with rate of interest (R) and time period (T).S.I.= \dfrac{P \times R \times T}{100}

Answer 2

Answer:

first given formula compund interest

Step-by-step explanation:

formula

A=P(1+r/n)nt

A=500(1+ 0.1/2)2*3

A=500(1.1/2)6

A=500(0.55)6

A=500(0.027680640625)

A=13.84 Ans