Question

find the difference between simple interest and compound interest on Rs. 2500 in 4 years at 4% p.a.​

Answer 1

Answer:

SI= RS 400

CI= A-P = 2929.15 -2500 = 429.15

Hence, difference between SI and CI will be :- 429.15 - 400 = Rs.29.15

Answer 2

simple interest =p×r×t/100=2500×4×4/100

=400

compound interest,in one year=2500×4/100=100

in one yr total amount=2500+100=2600

compound interest in second yr=2600×4/100=104

in two years total amount=2600+104=2704

compound in third yr=2704×4/100=108.16

in three yr total amount=2704+108.16=2812.16

compound interest in 4th year=2704×4/100

=112.48

so total compund interest=100+104+108.16+112.48

=424.64

so difference=424.64-400

=24.64

hey anu, main waisa nhi hu yr

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