Question

Find the difference between the simple interest and compound interest en 2500 for 2 years at 4% p.a. compound interest being reckoned semi anually.



Ara mtlabiyo kha ho xd​

Answer 1

Answer:

Difference= 6.08

Explanation:

S.I=P×R×T/100

=2500×4×2/100

=200

Now rate is reckoned as half yearly

So,r =2℅ and time got doubled i.e 2×2=4 years

C.I=P(1+r/100)^t-P

= 2500(1+2/100)^4-2500

=2706.08-2500

=206.08

difference=C.I-S.I

=206.08-200

=6.08

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Answer 2

See the attachment

on the behave of rishabh