Question

Find the difference between the simple interest and the compound interest on 5000 for 2 years at 6% per annum. ​

Answer 1

Answer:

100% correct answer

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Answer 2

Answer:

Rs.18

Step-by-step explanation:

P=5000

n(time)=2years

rate of interest=6%p,a

SI =(P× R ×T )/100

SI= (5000 × 6 × 2) /100

SI= Rs.600

We know , CI = A-P

n=2

A= P(1+R/100)^n

A=5000 ( 1+ 6/100)^2

= 5000 × 106/100 ×106/100

therefore Amount = rs 5618

therefore , CI= Rs.618

And SI = Rs. 600

difference

=)CI-SI =618-600= Rs.18

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