Question

7. The difference between the compound interest
and simple interest on Rs 500
at the Rate of 10/ per annum for 1 year


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Answer 1

Answer:

The difference between the compound interest

and simple interest is zero

Step-by-step explanation:

P=500; i=10% ;n=1

CI-SI

= P[(1+i)^n-1]-PTR/ 100

= 500[(1+0.1)-1]-500x10x1/100

= 500 (0.1)-500/10

= 50-50

= 0