find the difference between CI and SI on ₹14000 at 8% per annum for – InterviewSolution

1.

find the difference between CI and SI on ₹14000 at 8% per annum for 2 year

Answer»

For CIAmount = 14000(1+8/100)^2= 14000X1.08X1.08= 16329.6

CI = 16329.6 - 14000= 2329.6

SI = 14000x8x2/100= 2240

Difference between CI and SI= 2329.6 - 2240= 89.6

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