What is the diffrence between Compound Interest and Simple Interest on

1.	What is the diffrence between Compound Interest and Simple Interest on Rs.500 for 2 years at 10%.
Answer» ONG>ANSWER: SI= p×r×t/100 SI=500×10×2/100 SI=Rs.100 CI=A-P A=p(1+r/100)^n A=500(1+10/100)^2 A=Rs.605 CI=605-500 CI=Rs.105 SI-CI= 105-100= =5

What is the diffrence between Compound Interest and Simple Interest on Rs.500 for 2 years at 10%.

Answer» ONG>ANSWER:

SI= p×r×t/100

SI=500×10×2/100

SI=Rs.100

CI=A-P

A=p(1+r/100)^n

A=500(1+10/100)^2

A=Rs.605

CI=605-500

CI=Rs.105

SI-CI=

105-100=

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What is the diffrence between Compound Interest and Simple Interest on Rs.500 for 2 years at 10%.​

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What is the diffrence between Compound Interest and Simple Interest on Rs.500 for 2 years at 10%.