Question

1. Find the difference between C.I and S.I on 5000 for 1 year at 2% p.a, if the interest is
compounded half yearly.​

Answer 1

Difference between C.I and S.I =  0.5 if 5000 compounded half yearly at 2% per annum for 1 year

Step-by-step explanation:

Principle Amount = 5000

Time = 1 Year

Rate of interest = 2 % per annum

Simple Interest = P * R * T /100  = 5000 * 2 * 1 /100

= 100

Compound interest =   5000 ( 1  + 2/200)² - 5000

= 5000 ( 1.01)² - 5000

= 5000 ( 0.0201)

= 100.5

the difference between C.I and S.I = 100.5 - 100

= 0.5

the difference between C.I and S.I =  0.5

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