The difference between the compound interest and simple interest for a deposit made (in year 0) for
Fantastic news! We've Found the answer you've been seeking!
Question:
The difference between the compound interest and simple interest for a deposit made (in year 0) for the following number of years is given below:
Years Compound interest – Simple interest
2 $42.25
3 $264.66
Estimate the following:
1. The rate of interest
2. The amount of deposit made in year 0
3. The difference in the compound and simple interest at the end of four years
Related Book For
Posted Date: