Question

find simple interest of RS 8500 at 5% for 4 years
​

Answer 1

Answer:

P=Rs.8500,R=6%,n=2 yrs

We know that amount A at the end of n years at the rate R % per annum when the interest is compounded annually is

A=P(1+

100

R

)

n

=8500(1+

100

6

)

2

=8500(

100

106

)

2

=

100

85×106

2

=0.85×106

2

=Rs. 9550.6

Also CI=A−P=9550.6−8500.0=Rs1050.6

We know that SI=

100

PRT

=

100

8500×6×2

=Rs1020

∴ Difference between CI and SI

CI−SI=9550.6−1020.0=Rs.8530.6

Answer 2

your answer is in the attachment hope it will helps you