Posted by sadhana thakur on .
If an amount of Rs 10,000/ is invested at a simple interest of 12% per annum, how much it will become at the end of 5 years ? And if this amount is invested at a compound interest of 10% per annum (the interest being compounded on yearly basis), how much it will become at the end of 5 years ? Also answer that the invested amount will be more at the end of 5 years in which case.

maths 
Steve,
simple: 10000(1+.12*5)
compound: 10000(1+.10)^5
evaluate and compare.