what is the difference between compound interest and simple interest on ₹100 at 5% p.a. for 1 year
Answers
Answered by
1
Answer:
0
Step-by-step explanation:
ci=p*r*1/100
ci=100*5*1/100
ci=5
si =p*r*t/100
si=100*5*1/100
si=5
difference=ci-si
5-5
0
Answered by
0
Simple interest.
Principal= 100
R.I= 5%
Time= 1 year
S.I = P*R*T
———-
100
= 100*5*1
———— = ₹5
100
Principal= 100
R.I= 5%
Time= 1 year
S.I = P*R*T
———-
100
= 100*5*1
———— = ₹5
100
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