Question

Calculate the difference between the compound interest and the simple interest on Rs 12000 at 9% per annumin 2years. IS THE ANSWER IS Rs.816 ?please tell

Answer 1

Answer:

Hi mate, I'm sorry but your answer is wrong. Correct answer-97.2

Step-by-step explanation: Please refer to the attachment to understand and solve this sum.

Hope it helps!

Please Mark as the brainliest answer :)

Answer 2

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GiVen :

• P = Rs 12000
• T = 2 Years
• R = 9 %

By using the formula of SI as well as CI,

$\implies$ SI = PTR /100

$\implies$ SI = 9 × 2 × 12000/100

$\implies$ SI = 18 × 120

$\implies$ SI = 2160

Again,

$\implies$ CI = ( 1 + R/100 )² - P

$\implies$ CI=12000( 1 + .09)² - 12000

$\implies$ CI=(12000 × 1.1881) - 12000

$\implies$ CI=14257.20 -12000

$\implies$ CI =2257.20

So,

☢ Difference :

$\implies$ CI - SI

$\implies$ 2257.20 - 2160

$\implies$ Rs 97.20

So, the correct answer is Rs 97.20 not Rs 816!!

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