Math, asked by singhraj1, 1 year ago

find the difference between the compound interest and the simple interest on rupees 5000 for 2 years at 5% per annum

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Answers

Answered by GauravGumber
10
S.I=[P*R*T]/100
=[5000*5*2]/100=500
amount becomes =5000+500=5500

In compund interest ,
Amount=P[1+R/100]^n
=5000[1+5/100]^2
=5000*(21/20)^2
=5000(441/400)
=5512.5

DIFFRENCE=5512.5-5500=12.5
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