Question

find the difference between the simple interest and compound interest on rupees 5000 for 2 years at 9% per annum

Answer 1

HI FRIEND

HERE IS YOUR ANSWER :-

PRINCIPAL = 5000

TIME = 2 YEARS

RATE OF INTEREST = 9%

REQUIRED DIFFERENCE = P[R%/100]^2


REQUIRED DIFFERENCE = 5000[9/100]^2

REQUIRED DIFFERENCE = 5000[81/10000]


REQUIRED DIFFERENCE = 40.5

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Answer 2

Hope this helps you!