Question

A
B
2.5 Solve any one of the following.
1) Find the difference between simple interst and compound
interest on Rs. 6250 in 2 years at 4 p.c.p.a.​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Correct option is

A

Rs. 2160

Find compound interest on Rs 6250 at 16% per annum for

2 years compounded annually

Compound Interest =[Principal[1+

100

Rate%

]

time

]− Compound Interest

So we know that

Principal =Rs6250

Rate %=16%

Time =2 years

C.I=P[1+

100

R

]

T

−C.I

=6250[1+

100

16

]

2

−6250

=6250[1+

25

4

]

2

−6250

=[6250×

25

29

×

25

29

]−6250

=8410−6250

=RS2160

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