Find the difference between the CI and SI on a sum of Rs. 50, 000 at 10% per annum for two years.
PLEASE ANSWER SOON AS POSSIBLE
Answers
Answer:
500
Step-by-step explanation:
P=50000
R=10%
T=2 years
(1+R/100)
A= 50000(1+10/100)^2
=50000(1.1)^2
60500
Si=P*R*T/100
50000*10*2/100
=10000
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Required data,
principal=50000 ruppes
rate of interest=10%
time=2 years
Simple interest formula=ptr/100(p is principal,t is time and r is rate of interest)
therefore simple interest=ptr/100
=50000×10×2/100 ruppes
=10000 ruppes
Amount=50000+10000 ruppes
=60000 ruppes
Amount=p(1+r/100)t
Therefore Amount=50000(1+10/100)² ruppes
=50000(110/100)² ruppes
=50000×11/10×11/10 ruppes
=60500 ruppes
therefore compound interest=Amount-principal
=60500-50000 ruppes. =10500 ruppes
difference between ci and si =10500-10000=500 ruppes