Question

what will be the difference between simple and compound interest at 10% per aanum on the sum od 1000 after four years​

Answer 1

Step-by-step explanation:

S.I. = frac{1000×10×4}/{100} = 400

C.I. = [1000(1+\frac{10}{100})^4 - 1000]

= 464.10

So difference between simple interest and compound interest will be 464.10 - 400 = 64.10