(Interest) (algebra)

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Find the difference between the simple interest and the compound interest that would be earned from $1000 invested for 2 years at 5 1/2% (5.5%)

May 14th, 2015

Simple interest=PTR/100=110

Compound interest=113.025

Difference=3.025

Let me know in case you have any queries regarding this

May 14th, 2015

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May 14th, 2015
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May 14th, 2015
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