Question

7. Calculate the difference between the compound interest and the simple interest on
20000 in 2 years at 8%
per annum.​

Answer 1

Step-by-step explanation:

⇒ P=Rs.20,000,T=2years and R=8%.

⇒ P=Rs.20,000,T=2years and R=8%.⇒ S.I.= P×R×T/100

⇒ S.I.= 20000×8×2/100

∴ S.I.=Rs.3200.

⇒ C.I.=P(1+R/100 ) T −P

) T −P⇒ C.I.=20,000×(1+8/100 )²−20,000

−20,000⇒ C.I.=23,328−20,000

−20,000⇒ C.I.=23,328−20,000∴ C.I.=Rs.3328.

−20,000⇒ C.I.=23,328−20,000∴ C.I.=Rs.3328.⇒ C.I.−S.I=Rs.3328−Rs.3200

=Rs.128.

hope it will help u ✌️