Question

Find the difference between CI and SI on rs 40000 at 9% pa for 2 year ? Solution

Answer 1

Step-by-step explanation:

the answer of this question I have done on the paper

Answer 2

Step-by-step explanation:

First we find SI.

Formula of SI. is p×r×t/100

here,

p=principal

r=rate

t=time

p=40000

r=9%

t=2years

40000×9×2/100

=7200

Second we find C.I.

But first we find Amount

Formula of amount is A =p(1+r/100)^t

=40000(1+9/100)^2

=40000×1.1881

=47,524

Now,

formula of C.I is

Amount-Principal

47,524-40000

=7524

And then we find difference between of CI and SI

CI-SI

7524- 7200

=324

Hence the difference between of CI and SI is 324

Hope it will be help you

please mark me as brainlist