Question

3. Write a letter to the publisher, Mindframe Private Limited, 1632 Asaf Ali Road, New Delhi, ordering a set of newly published set of Short stories by Isaac Asimov. You want to order it for your school library as you are the literary captain of your school, DPS, Dhar.​

Answer 1

Answer:

For ,

N=2years

R=10 %

P=Rs4,000

We have S.I.=

100

PNR

=

100

4,000×2×10

=Rs800

And on interest being compounded for 2 years and R=10 %, Amount=P(1+

100

R

)

N

=4,000×(1+

100

10

)

2

=4,000×1.1×1.1=Rs.4,840

So, C.I.=A−P=4,840−4,000=840

And required difference C.I.−S.I.=840−800=Rs40