What is the difference between the amount of interest eamed on a principal of Tk. 100 for 2 years at 10% simple interest rate and 10% compounding interest rate?
Created: 5 months ago |
Updated: 3 months ago
best des
Here,
P= 100; n= 2years; r= 10%
Shortcut: Difference between the two interest:
Pr^2 = 100×(10/100)^2 = 1
Ans: 1
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