Post your comments here:Name *: Email : (optional) » Your comments will be displayed only after manual approval. What is the difference between simple interest and compound interest for a period of 2 years?What is the main difference between simple interest and compound interest? Simple interest is computed on the principal amount or loan amount whereas compound interest is computed based on the principal amount as well as the interest accumulated for a certain period or previous period.
On what sum of money will the difference between simple interest and compound interest for 2 years at 4% per annum be equal to ₹ 20?This is an Expert-Verified Answer
Hence, the required answer is Rs. 20,000.
On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to ₹ 63?The difference between simple interest and compound interest is Rs. 63. ∴ The required sum of money is Rs. 25200.
On what sum of money will the simple interest at 5% pa for 4 years be the same as that on Rs 2500 at 3% pa for 6 years?THIS IS YOUR ANSWER . ANSWER IS RS. 2250. HOPE IT HELPS YOU!!!
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