Question

Find the difference between the simple interest and the compound interest on Rs 5000 for

2 years at 9% per annum.​

Answer 1

Answer:

Rs.40.5

Step-by-step explanation:

SI=P*R*T/100

=5000*9*2/100

=900

A=P(1+R/100)to the power n

=5000(1+9/100)to the power 2

A=Rs.5940.5

CI=A-P

=5940.5-5000

=940.5

Difference=CI-SI

=940.5-900

=Rs.40.5