Find the difference between C.I and
S.I on the sum of Rs.4800 for 2 years
at 5% per annum payable yearly.
Answers
Step-by-step explanation:
What would you like to ask?
8th
Maths
Comparing Quantities
Compound Interest
Find the difference between...
MATHS
avatar
Asked on December 26, 2019 by
Shobana Deeksha
Find the difference between the simple interest and compound interest on Rs 4800 for 2 years at 5% per annum, compound interest being reckoned annually.
HARD
Share
Study later
ANSWER
P=Rs 4800 r=5%p.a t=2 years
∴SI=
100
p+r
=
100
4800×2×5
=Rs 480
Compound interest
Case I P=Rs 4800 r=5%p.a. t=1 year
Interest =
100
4800×5×1
=Rs 240
∴A=Rs (4800+240)=Rs 5040
Case II P=Rs 5040 r=5%p.a. t=1 year
Interest =
100
5040×5×1
=Rs 252.
∴A=Rs (5040+252)=Rs 5292.
∴ Compound Interest −Rs=(5292−4800)=Rs 492
∴ Difference between compound Interest and Simple Interest =Rs (482−480)=412
plz make me as a brainliest plllllzzzzz
Answer:
S.I. = p×r×t/100
= 4800×2×5/100
= $480
C.I. =p(1+r/100)*t
= 4800 (1/100 + 5*2
=4800 (501/100)*2
= 4800 × 251001/10000