Question

At 5% per annum simple interest, there is a difference between simple interest of ₹

2400 and actual rebate payable in 4 yrs from now

Answer 1

374 I think so it helped you

Answer 2

The required difference is Rs. 9600.

Step-by-step explanation:

Since we have given that

Simple interest = 2400

Rate of interest = 5%

Time = 4 years

So, it becomes,

$SI=\dfrac{P\times 5\times 4}{100}\\\\2400\times 100=20P\\\\240000=20P\\\\\dfrac{24000}{2}=P\\\\12000=P$

So, Difference between simple interest and actual rebate payable would be

$12000-2400=9600$

Hence, the required difference is Rs. 9600.

# learn more:

Find the different between simple interest and compound interest on ₹2400 for 2 years at 5%per annum compounded annually.

https://brainly.in/question/7775566