Question

Find the difference between the compound interest and the simple interest on
78000 at 5% per annum for 2 years.​

Answer 1

Answer:

195rs

Step-by-step explanation:

P=78000RS

R=5 %

TIME=2YEARS

S.I. = $\\{P*R*T}/100$

= 78000*5*2/100

= 7800rs

for compound interest

A= $P(1+R/100)^{n}$

=$78000(1+5/100)^{2}$

= $78000*21/20 *21/20$

=85995 RS

C.I.= A- P

=   7995

DIFFERNCE

C.I. - S.I.

7995-7800

=195 rs