1.

A principal of ₹40,000 is compound annually at a rate of 10% for 2 years. What is the compound interest? Is compound interest greater than the simple interest for the same rate and at the same time?

Answer»

A principal of 40,000 is compound annually at a rate of 10% for 2 years. What is the compound interest?

Is compound interest greater than the simple interest for the same rate and at the same time?




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