Calculate the difference between the simple interest and the compound interest in 4000₹ In 2 years at 8% per annum compounded yearly
Answers
Answered by
1
Answer:
ans= 25.60
Step-by-step explanation:
For ,
N=2years
R=8 %
P=Rs4,000
We have S.I.=
100
PNR
=
100
4,000×2×8
=Rs640
And on interest being compounded for 2 years and R=8 %, Amount=P(1+
100
R
)
N
=4,000×(1+
100
8
)
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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Answered by
1
Answer:
For ,
N=2years
R=8 %
P=Rs4,000
We have S.I.=
100
PNR
=
100
4,000×2×8
=Rs640
And on interest being compounded for 2 years and R=8 %, Amount=P(1+
100
R
)
N
=4,000×(1+
100
8
)
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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