Multiply the year 2 principal amount by the bonds interest rate. 223 Difference between simple interest and compound interest. Calculate Principal Amount solve for P P A 1 rn nt.
The interest earned is higher by 360 6360 - 6000.
8th Class Mental Ability Simple and Compound Interest Question Bank. CI A. Compound Interest in Maths. Exercise-81 Simple and Compound Interest Class-8 ML Aggarwal ICSE Mathematics Solutions Question 1.