Find the difference between simple interest and compound interest on Rs 5000 for 2 years at 10 % p.a.
1) Rs 500
2) Rs 25
3) Rs 50
Answers
Answer:
Rs 600
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Answer:
Given,
p=Rs 5000
T=2 years
R= 10%
Simple interest= P×T×R/100
= 5000×2×10/100
= 500000/100
= 5000
A= P+T
= 5000+5000
= 10000.
A= 10000.
And , now
compound interest= P(1+R/100) -P
= 5000(1+10/100)-5000
= 5000(11/100)
= 5000×11/100
= 50×11
= 550
Difference between= 5000 - 550
= Rs. 4,450.
Answer is C.I= 4,450.
A= 10000.
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Step-by-step explanation:
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