0 votes 0 votes The compound interest on a certain sum is 832 for 2 years and simple interest on same sum for 2 years is 800. The difference between compound interest and simple interest after 3 years will be? A) 48 B) 66.56 C) 98.56 D) None Please explain. Anant Pundir asked Jun 3, 2017 edited Jun 3, 2017 by Anant Pundir Anant Pundir 852 views answer comment Share Follow See all 0 reply Please log in or register to add a comment.
0 votes 0 votes you know SI is same for every year ie. if 2yr SI is 800 then one year SI is 400 but in CI interest applied on previous interest also difference between 2 yr CI and SI is 832-800=32 pawan kumarln answered Jun 4, 2017 edited Sep 30, 2019 by pawan kumarln pawan kumarln comment Share Follow See 1 comment See all 1 1 comment reply Anant Pundir commented Jun 4, 2017 reply Follow Share I found same answer on net that's why I posted it here because i was not able to understand this. Why do we take 400 as P and interest as 32 i.e 432-400 0 votes 0 votes Please log in or register to add a comment.