Shalini deposited ₹4,00,000 in a bank where she was promised an inte – InterviewSolution

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1.	Shalini deposited ₹4,00,000 in a bank where she was promised an interest of 10%. She deposited it for two years. Find the difference between the amounts she would receive in case of interest being compounded annually and simple interest, for the same deposit.
Answer» Shalini deposited ₹4,00,000 in a bank where she was promised an interest of 10%. She deposited it for two years. Find the difference between the amounts she would receive in case of interest being compounded annually and simple interest, for the same deposit.

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