SOLUTION: The difference between simple and compound interest on Rs. 1625 for 3 years at 4% per annum in rupees is?

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Question 912554: The difference between simple and compound interest on Rs. 1625 for 3 years at 4% per annum in rupees is?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
[1625(1.04)^3 -1625] - 1625(.04)3 = $202.90 - $195 = $7.90, the difference