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The Principal Sum of $ Together with Simple Interest Thereon at the Rate Form

The Principal Sum of $ Together with Simple Interest Thereon at the Rate Form

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the difference between simple interest on a certain sum at the rate of 10 percentage per an for 2 years and compound interest which is compounded every 6 months as R 24.05 whenever you have questions based on difference in CI and Essay always calculate CI here compounded every 6 months means every 6 months interest is added to the principal now 10 percentage is for one year then for 6 months rate is 5 percentage 5 percentage means 5 by 100 which is equal to 1 by 20 that is 20 part is the principle and one part is the interest if 20 part is the principle 20 to 4 is your total sum that is here there are total two years and there are total four six months in 2 years so 20 to 4 is your sum because for one year 20 part is the principle then four years 20 to 4 is the principle now actually you don't need to write all these things just understand 5 percentage is the rate for 6 months then 5 percentage means 1 by 20 then 20 to 4 is your principle here 2 to 4 is 16 and there are total f

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