Question

Find the difference between the simple interest and the compound interest on rupees 5000 for 2 years at 9%per annum​

Answer 1

S.I= 900

C.I= 11881

Difference=10981

Answer 2

.`Answer:

Simple interest=PTR/100

                         =5000*2*9/100=50*2*9

                          =900 rupees

Amount = Principle + interest

              =5000+900

              =5900 rupees

Compound interest = p(1+r/100) whole power n -

                                 =p(1+9/100) whole power 2

                                   5000(109/100) whole power 2

                                    5000(109/100)(109/100)

                                  =5940.5

Compound interest = Amount - Principle

                                 =5940.5-5000

                                 =940.5

                      simple interest - compound interest = 940.5-900=40.5

Therefore difference between simple interest and compound interest = 40.5 rupees