what is the difference between the compound interest and simple interest on ₹8000at 15%per annum for 2 years.
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Principal = Rs 8000
Rate = 15%
Time = 2 years
SI = Rs 8000*15*2/100
= Rs 2400
CI = Rs 8000{(1+15/100)²-1}
= Rs 8000{(23/20)²-1}
= Rs 8000{129/400}
= Rs 2580
Now CI - SI = Rs (2580-2400)
= Rs 180
Rate = 15%
Time = 2 years
SI = Rs 8000*15*2/100
= Rs 2400
CI = Rs 8000{(1+15/100)²-1}
= Rs 8000{(23/20)²-1}
= Rs 8000{129/400}
= Rs 2580
Now CI - SI = Rs (2580-2400)
= Rs 180
anilyadav6:
thku 4 clearing my doubt ur ans. is correct
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Ur welcome
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