TK. 10,000 is invest for 4 years at 5% interest. What will be the difference between simple interest and compound interest in the case?
please answer
Amount, A=P(1+r/100)n=10000(1+5/100)4=$12155.0625A=P(1+r/100)^n=10000(1+5/100)^4=\$12155.0625A=P(1+r/100)n=10000(1+5/100)4=$12155.0625
Interest =12155.0625−10000=$2155.0625=12155.0625-10000=\$2155.0625=12155.0625−10000=$2155.0625
Simple interest, I=PRT100=10000×5×4100=$2000I=\frac{PRT}{100}=\frac{10000\times 5 \times 4}{100}=\$2000I=100PRT=10010000×5×4=$2000
Difference =2155.0625−2000=$155.06252155.0625-2000=\$155.06252155.0625−2000=$155.0625
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