Question

20. The difference between Sl and Cl on Rs
8000 for 2years at 5% pa is
(2 Points)
Rs 40
Rs 20
Rs 30​

Answer 1

Answer:

Rs 20

Step-by-step explanation:

We have,

P=Rs.8000,T=2 years,R=5%

We know that,

SI= P×R×T/100

or, SI=8000×5×2/100

or, SI=Rs.800

We know that,

A=CI+P=P(1+ R/100 ) ^T

or, CI+8000=8000(1+5/100)^2

or, CI+8000=8000(1+1/20)^2

or, CI+8000=8000( 21/20)^2

or, CI+8000=8820

or, CI=Rs.820

Therefore, the required difference

CI−SI=820−800

=Rs.20