Question

What will be the simple interest on a certain sum of money for the first
and second years?

Whoever answers correctly and first will be marked brainliest

Answer 1

Answer:

For the first year, Simple Interest will be equal to compound interest. In compound interest, interest for the first year is Rs. 400, and that for the second year is Rs. 408

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Answer 2

For the first year, Simple Interest will be equal to compound interest. In compound interest, interest for the first year is Rs. 400, and that for the second year is Rs. 408.