Math, asked by simar96970, 19 days ago

Find the difference between simple interest and compound interest on 4,000 for two years at 10% per annum. certain sum of bona for​

Answers

Answered by Anonymous
3

Answer:

40

Step-by-step explanation:

Calculating S. I.

= prt/100

= 4000×10×2/100

= 800

And also, C. I.

= p(1 + r/100)ⁿ - p

= 4000(1 + 10/100)² - 4000

= 4000(11/10)² - 4000

= 4000(121/100) - 4000

= 40×121 - 4000

= 4840 - 4000

= 840

Difference between them is :-

= 840 - 800

= 40

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