find the difference between the compound interest and simple interest on rs 15000 in 2 years at 6 percent p.a.
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Answered by
0
Answer:
The difference between compound interest and simple interest on an amount of Rs.15,000 for 2 years is Rs.96 . What is the rate of intrest per annum?
Answered by
0
Step-by-step explanation:
Given that,
P=Rs.15,000
R=12
2
1
=
2
25
p.a
T=2years
∵C.I=P(1+
100
R
)
n
−P
⟹C.I=15000(1+
200
25
)
2
−15000
⟹C.I=15000(1+
8
1
)
2
−15000
⟹C.I=15000(
8
9
)
2
−15000
⟹C.I=15000(
64
81
)−15000
⟹C.I=18984.38−15000
∴C.I=Rs.3,984.38
∵S.I=
100
PTR
⟹S.I=
2×100
15000×2×25
⟹S.I=150×25
∴S.I=Rs.3750(ii)
From, (i) & (ii) Required difference =3984.38−3750=Rs.234.38
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