Blog
Compound Interest
No Comments
☼ Give the difference between the C. I. and S. I. by proper example.
Let, P = Rs. 1000, R = 10 % and N = 3 years.
Keep in mind :
(i) On the 1st year, S. I. = C. I.
(ii) On the 2nd year, C. I. – S. I. = Interest of S. I. of the 1st year
