Question

Calculate the compound interest on Rs 12000 for 2 years at 6% per annum. Find the difference between compound and simple interest. *

C.I = Rs 1450, Difference= Rs 45

C.I = Rs 1550.50, Difference= Rs 50.50

C.I = Rs 1400, Difference= Rs 40

C.I = Rs 1483.20, Difference= Rs 43.20

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Answer 1

Answer:

Find (i) the rate of interest (ii) the compound interest earned in second year. ... The difference between the . ... P = Rs 42000 T=2 years ... C.I at 2nd year = 42000(1+1005)2− 42000.