Business Studies, asked by aswani484, 1 year ago

What is the difference between the compound interest and simple interest of schemes s at the end of 2 year?

Answers

Answered by Anonymous

1

Solution:

Simple interest = 27250 – 25000 = 2250

Time = 3 years.

SI = PTR / 100 → R = SI * 100 / PT

R = 2250 * 100 / 25000 * 3 → R = 3%.

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