Question

calculate the difference between compount intrest and simple interest on ₹4000 and 8% per annum in 2 year​

Answer 1

Answer:

Hey buddy here is your answer:-

Step-by-step explanation:

For ,

N=2years

R=8 % 

P=Rs4,000

We have S.I.=100PNR=1004,000×2×8=Rs640

And on interest being compounded for 2  years and R=8 %, Amount= P(1+100R)N= 4,000×(1+1008)2= 4,000×1.08×1.08=Rs4,665.60

So, C.I.= A−P=4,665.60−4,000= 665.60

And required difference C.I.=S.I.=665.60=640= Rs25.60

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