Calculate the difference between SI & CI on ₹20000 in 2½ years at 10% per annum
Answers
Answered by
3
Step-by-step explanation:
Simple interest= P.R.T/100 = 1000×10×4/100 = 400. Compound interest= P{1+ R/100}™ - P =1000{1+10/1000}^4-1000 = 1464.1 - 1000 = 464.1 Thus difference in interests= 464.1 - 400 = ₹64.1.
Similar questions