Question

6. What is the difference between the simple
interest and compound interest payable on
a principal of 1250 in 2 years at the rate
of 10 p.c.p.a.?​

Answer 1

Answer:

difference 12.5

Step-by-step explanation:

SI = PTR/100

=1250*2*10/100

250

CI =21% of 1250 (Note: for 2 years CI is R+R+R*R/100) which is 10+10+10*10/100=21)

=262.5

difference 262.5-250 =12.5

Answer 2

Answer:

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