calculate the difference between the Simple Interest and Compound Interest on Rs 8000 in 2yrs at 10% compound yearly
Answers
Answer:
Rs.248
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Step-by-step explanation:
P=Rs.8,000
N=3years
R=10%
Answer:
80 is the answer
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Step-by-step explanation:
P=8000
P=8000r =10
P=8000r =10time 2 years
P=8000r =10time 2 yearsSI =pxrxt/100
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) t
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/100
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P=9680-8000
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P=9680-8000=1680
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P=9680-8000=1680difference between simple and compound interest
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P=9680-8000=1680difference between simple and compound interest1680-1600
P=8000r =10time 2 yearsSI =pxrxt/100SI =8000*10*2/100=80*10*2=800*2=1600Si=1600Amount =1600+8000=9600Compound interest=A=p(1+R/100) tA=8000(1+10/100) ²8000(1+1/10) ²8000*11*11/10080*11*11880*11=9680CI =A-P=9680-8000=1680difference between simple and compound interest1680-1600=80