fahimaabdulkader5 fahimaabdulkader5

28-12-2018
Mathematics

contestada

Calculate the difference between the compound interest and simple
interest on ₹20,000 in 2 years at 8% per annum.

Respuesta :

DJdumpling DJdumpling

28-12-2018

Compound: 20000*(1.08)^2=23328

Simple: 20000+2*(0.08*20000)=23200

The difference is 128 dollars.

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