Question

What will be the difference between simple and compound interest on Rs 8.000 at the rate of 10 percent per annum at the end of 3 years?

Answer 1

Answer:

248

Step-by-step explanation:

simple interest (prn)/100 = 2400

compound interest p*(1+r/100)^n = 2648

hence difference is 2648 -2400

248