Amrita deposited ₹ 10,00,000 in a bank where the rate of interest i – InterviewSolution

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1.	Amrita deposited ₹ 10,00,000 in a bank where the rate of interest is 10% compounded annually. She deposited it for a period of three years. Find the difference in the amount, if the interest is calculated in simple interest for the same sum of money and same rate of interest and period.
Answer» Amrita deposited ₹ 10,00,000 in a bank where the rate of interest is 10% compounded annually. She deposited it for a period of three years. Find the difference in the amount, if the interest is calculated in simple interest for the same sum of money and same rate of interest and period.

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