Question

find the difference between the simple interest and the compound interest on rs.5000 for 2years at 6percent per annum
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Answer 1

Answer:

oh sorry for spamming I just want to check wether I have the power to comment or not let me try

Answer 2

Answer:

$40.5$

We know,

S.I=100P×R×T

=1005000×9×2

=900Rs.

A=P(1+100R)n

=5000(1+1009)2

A=Rs. 5940.5

C.I.=A−P=5940.5−5000

                            =940.5

Difference=C.I−S.I

=940.5−900

=40.5 Rs.