Question

what is the difference between the compond interest8000 at 15%per annum for 2years

Answer 1

HEYA HERE IS UR ANSWER✌✌✌❤❤❤
C.I.
A=p[1+r/100]2
= 8000[1+15/100]2
= 8000[100+15/100]2
= 8000[115/100]2
= 8000* 115/100* 115/100
= 10580
I = A - P
= 10580 - 8000
= 2580
S.I.
S.I. = P*R*T/100
= 8000 * 15 * 2/100
= 2400
Difference = C.I. - S.I.
= 2580 - 2400
= 180

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