The difference between Compound Interest and Simple Interest on a certain sum of money at 10 per annum for 3 years is Rs. Compound interest is a great thing when you are earning it. As well as you can understand easily about Simple and Compound Interest Formulas that how to use formulas in these types of questions.
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This is known as simple interest. Some of the worksheets for this concept are Simple interest Simple interest work Simple interest problems Simple interest compound interest example a Calculate the simple interest for the word problems Lesson plan simple and compound interest Grade 7 math proportional reasoning Calculate the simple interest. Simple and Compound interest Problems and Solutions. Under simple interest system the interest is computed only on principal amount whereas under compound interest system the interest is computed on principle as well as on accumulated interest.