Question

different between s.i and c.i on rs. 2400 for 2 year at 5% p.a??
​

Answer 1

Answer:

Step-by-step explanation:

1. Principle=2400

2. time period=2 yrs

3.rate of intrest= 5%

tofind,

diffrence between SI and CI

solution

SI=$\frac{PTR}{100}$

=$\frac{(2400)(2)(5)}{100\\}$

=240

now,

       CI

Formula to used:

Amount,  

Compound Interest, C.I. = Amount - Principal

Using the first formula and substituting the given values we will find the value of amount

A =  

⇒ A =  

⇒ A =  

⇒ A =  

⇒ A = Rs. 2646

Now, using the second formula we will find the value of C.I.

C.I. = Rs. 2646 - Rs. 2400 = Rs. 246

Finding the Simple Interest:

Formula to be used:

Simple Interest, S.I. =  

Now, using the formula of S.I. and substituting the given values we will find the value of S.I.

S.I. =  

Finding the difference between the C.I. & S.I.:

Thus,

The difference between the compound interest and the simple interest is,

= Rs. 246 - Rs. 240

= Rs. 6 ← required answer