Question

Calculate the difference between compound
interest and simple interest on two years and at 10% per annum
​

Answer 1

Answer:

i donot know

Step-by-step explanation:

sorry. i cannot tell it

Answer 2

Answer:

The difference between compound interest and simple interest at 10% per annum in a 2 year compound annually is Rs 50. How do you find the sum?

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Simple interest:

x (the sum) * 10% * 2 years = 0,20 x = the accumulated interest in 2 years

Compound interest:

[ x (the sum) * (1+i) * (1+i) ] - x = the accumulated interest in two years

[ x * (1+i)^2] - x = [ x * (1+10%)^2 ]- x = 1,21x - x = 0,21 x

0,21x - 0,20 x = Rs 50

0,01x = Rs 50

x = Rs 50 / 0,01

x = the sum = Rs 5,000