Question

(d) Find the difference between the compound interest and simple interest on
5,000 for two years at 5% per annum.​

Answer 1

Step-by-step explanation:

S. I=p×r×t/100

=5000×2×5/100

=500rs

C.I= P×(1+r/100)^n

= 5000 (1+.05)^2

=5512.5rs

Difference=5512.5-500=5012.5rs

Answer 2

Answer:

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