for a principal of rs.6000,rate of interest 5%, what is the difference in the amount that will accrue with simple interest and compound at the end of 2 yrs?? please please, solve it fast ,
Add an Answer
More Questions From This User See All
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
=600
amount=6000+600=6600
amount compound interest=6000(1+5/100.
6000*21/20*21/20
=6615
difference= 6615-6600=15
SI=6000*5*2/100
=600
amount=6000+600=6600
amount compound interest =6000(1+5/100)
(6000*21/20*21/20
6615
differ
6615-6000=15