A principal of ₹40,000 is compound annually at a rate of 10% for 2 years. What is the compound interest?
Is compound interest greater than the simple interest for the same rate and at the same time?
A principal of Rs. 40,000 is compound annually at the rate of 10% for 2 years. What is the compound interest and is it greater than the simple interest for the same rate and at the same time?