Question

find the diference between the simple interest and the compound interest onruppes 5000 for two years

at 9% per annum.​

Answer 1

Answer:

₹ 40.50

Step-by-step explanation:

simple int

=5000*9%*2years=450*2=₹900

and comp int

=A-P=[P(1+r/100)^n]-P

=[5000(1.09)^2]-5000

=[5000*1.1881]-5000

=5000*0.1881

= ₹ 940.5

so diff of the two is

940.5-900

= ₹ 40.50 ANSWER