What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?

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Solution:

⇨Given

⇨p = 8000

⇨r = 15%

⇨n = 2

⇨Simple interest will be

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$ Rs

⇨And Compound interest will be

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$

$What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years ?$ Rs

⇨Therefore the difference between the compound interest and simple interest will be

= C.I.- S.I.
=2580 - 2400
=180 Rs

Tags: Mathematics