Calculate the difference between the compound intrst and the simple interest on rupess 4,000 at 8 per cent annum and in 2 years
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Answered by
1
SI = 4, 000 * 8/100 * 2 = Rs 640
CI = 4, 000 (1 + 8/100)^2 - 4, 000 = Rs 665.60
Difference = Rs 15.60
CI = 4, 000 (1 + 8/100)^2 - 4, 000 = Rs 665.60
Difference = Rs 15.60
Answered by
0
Simple interest = 4, 000 * 8/100 * 2
= Rs 640
Compound interest = 4, 000 (1 + 8/100)² - 4, 000
= Rs 665.60
Difference between the SI and CI = 665.60 - 640
=Rs 15.60
= Rs 640
Compound interest = 4, 000 (1 + 8/100)² - 4, 000
= Rs 665.60
Difference between the SI and CI = 665.60 - 640
=Rs 15.60
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