Question

find the difference between the simple interest and the compound interest on RS. 5000 for 2 year at 9% per annum​

Answer 1

Answer:

Rs.81

Step-by-step explanation:

5000x9/100x90/100x2=81

Ans:Rs.81.

Answer 2

Answer:

principal = ₹5000

Rate = 9%

Time = 2

SI =P×R×T/100

= 5000×9×2/100

= ₹900

CI = A = P(1+r/100)n

= 5000(1+9/100)2

= 5000×109/100×109/100

= ₹5940.5

CI = A - P

= ₹5940.5-₹5000

= ₹940.5

Difference between CI and SI =

₹940.5-₹900

= ₹40.5