find the difference between the compound interest and the simple interest on 50000 for 2 years at 5% per annum
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Answered by
1
Principal = Rs. 5000
rate = 5%
time = 2years
now,
amount = p(1+r/100)^n
= 5000*105/100*105/100
= 55125/10
= 5512.5
compound interest = A-P
= 5512.5-5000
= 512.5
then,
simple interest = P*R*T/100
= 5000*5*2/100
= 500
difference = compounded interest - simple interest
= 512.5 - 500
= 12.5
thus, difference is 12.5.
hope this helps you out!
rate = 5%
time = 2years
now,
amount = p(1+r/100)^n
= 5000*105/100*105/100
= 55125/10
= 5512.5
compound interest = A-P
= 5512.5-5000
= 512.5
then,
simple interest = P*R*T/100
= 5000*5*2/100
= 500
difference = compounded interest - simple interest
= 512.5 - 500
= 12.5
thus, difference is 12.5.
hope this helps you out!
jayalakshmisutrave:
the answer is wrong
read the question properly
the rate of interest is about 5%
rate is 5%
you have written 9% in answer
now it is exactly correct
Answered by
0
SI=50000*2*5/100=5000
SI for 1st year=50000*5/100=52500
AMT=102500
SI for 2nd year=102500*5/100=5125
AMT=107625
CI=57625
diff.=52625
SI for 1st year=50000*5/100=52500
AMT=102500
SI for 2nd year=102500*5/100=5125
AMT=107625
CI=57625
diff.=52625
hope it is okay.... without calculators you know...
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