Question

What is the difference between the
CI (compounded annually) and SI on
10,000 for 2 years at 6.5% per annum.​

Answer 1

Answer:

then CI - SI

13422.5 - 1300

12122.5

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Answer 2

Answer:

SI = P × R× T / 100= 1300

AMOUNT = P[1+65/1000]^2 = 11342.25

CI = A+P

21342.25

DIFFERENCE = CI -SI

21342.25 - 1300

20042.25