Question

Example 7. Calculate the difference between the compound interest and the simple interest on
12000 at 9% per annum in 2 years.
ion. Given principal = *12000, rate = 9% p.a. and time = 2
2 years​

Answer 1

Answer:

The difference between the compound interest and simple interest on a sum of Rs. 18000 at the same rate of interest for 2 years is Rs. ... 10000 invested partly at 8% per annum and partly at 5% per annum simple interest.

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Answer 2

Answer:

First , we will calculate the SI = 12000*9*2 /100 = 2160 .

Now, CI = Amount -P

Amount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20

CI = 14257.20-12000 = 2257.20

Difference between CI and SI = 2257.20 - 2160

= 97.2

Step-by-step explanation:

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