Asked by jaya
principal=Rs.3,750,rate of interest=8%p.a,time=2years
Answers
Answered by
Steve
Looks like you have all the values. Plug 'em into the formula:
A = 3750 * 1.08^2 for compound interest
A = 3750 * (1 + .08 * 2) for simple interest
A = 3750 * 1.08^2 for compound interest
A = 3750 * (1 + .08 * 2) for simple interest
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