SOLUTION: Compound interest =1590 for 2 years at 12 percent per annum what will be the simple interest for the same for 2 years at 16 percent per annum

SOLUTION: Compound interest =1590 for 2 years at 12 percent per annum what will be the simple interest for the same for 2 years at 16 percent per annum

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Question 700912:
Compound interest =1590 for 2 years at 12 percent per annum what will be the simple interest for the same for 2 years at 16 percent per annum
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
1590(1+.12)^2
1590*1.12^2
1590*1.2544=$1994.50 ans.
1590(1+.16)^2
1590*1.16^2
1590*1.3456=$2139.50 ans.
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