Question

2. Solve the following:
(1) Calculate the difference between the compound interest and the simple interest on 10.000 at 5 pcpa. fr 2 year

Answer 1

Answer:

compound interest is 10000(21/20)²

11025 rs amount.

ci = amount - principal

ci = 11025 - 10000

ci = 1025 rs

simple interst is 10000×2×5

__________

100

1000 rs . simple interest = 1000 rs

difference between compound interest and simple interest is 1025 - 1000

which is equal to 25 rs

Answer 2

Step-by-step explanation:

Hope it will help to understand