3. Find the difference in compound interest and simple interest

Find the difference between the \(C.I\) and \(S.I\) for \(2\) years if the principal is \(₹\) 46583, at the rate of 8\(\%\) per annum.

Answer:

The difference in \(C.I\) and \(S.I\) \(=\) \(₹\).