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What is the difference between compound interest and simple interest for the sum of $2000 over a period of 2 years?This is Expert Verified Answer
Compound Interest: It means the amount of interest is not same for every year. Time period is 2 years. Compound interest is 20% and simple interest is 23%.
What is the difference between simple and compound interest on a sum of rupees 2000 for 3 years at 20% per annum?[Solved] The compound interest on Rs. 2,000 for 3 years is Rs. 315.25.
What is the difference between SI and CI on 2000 for 2 years at the rate of 10% per annum?The difference between C.I and S.I for 2 years at 10% per annum is Rs. 50 .
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What is the difference between the compound interest and simple interest on 2000?
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