Question

1) Given below, are the principal, rate of interest and time (in years). If the interest is calculated yearly,
calculate for each: (i) Sl and Cl for the period given (ii) the total amount to be paid at the end of the
period for both types of interest (iii) the difference between the Sl and Cl.
Principal (P)
Time (T)
Amount on CI Difference
Rate (R)
(p.a.)
Amount on
SI
2000
12
(i)
(ii)
1500
10
3000
8
2 years
3 years
2 years
1 year
3 years
5000
15
(iv)
(v)
2500
10​

Answer 1

Answer:

4000

Step-by-step explanation:

2000 then multiply by 2