Question

what is the difference between simple interest and compound interest for 2 years at the rate of 5 percent on rs.1000?​

Answer 1

Answer:

SI PRT

compound interest i don't know

Answer 2

Answer:

si=1000×2×5/100=100

ci=1000(1+5/100) 2-1000

=102.5

difference=ci-si

=102.5-100

=2.5 rupees