Math, asked by subhashpatil392803, 1 month ago

What is the difference between simple interest and compound interest for 2 years at the rate of 5% on Rs.1000?

Answers

Answered by 0257sjhssuman

0

Step-by-step explanation:

1st SI =P×R×T÷100=1000×5×2÷100=100

2ND CASE=PROCESS FOR CI=1000×(5+1÷100)²=1102.5Amount

ci=a-p=1102.5-1000=102.5

DIFFERENCE =102.5-100=2.5

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