Find the difference between the simple interest and the compound interest on 5000 for 2 year at 9% per annum
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Answered by
12
here, I'm follow some shortcut trick to find difference....
Difference = pr²/(100)²
= 5000 × (9)²/10000
= 5000 × 81 / 10000
= 40.5
Difference = pr²/(100)²
= 5000 × (9)²/10000
= 5000 × 81 / 10000
= 40.5
Answered by
27
✨ HEY MATE ✨
SI = P*R*T/100
SI = 5000*2*9/100 = 900
A = P(1+R/100)N
A = 5000(1+9/100)2
A = 5000*109/100*109/100
A = 5,940.5
CI = 5,940.5 - 5000 = 940.5
Difference between SIMPLE INTEREST and COMPOUND INTEREST after 2 years =
= 940.5 - 900 = 40.5 ( Answer )
⤴️ I THINK IT HELPED Y©U_____✌️
SI = P*R*T/100
SI = 5000*2*9/100 = 900
A = P(1+R/100)N
A = 5000(1+9/100)2
A = 5000*109/100*109/100
A = 5,940.5
CI = 5,940.5 - 5000 = 940.5
Difference between SIMPLE INTEREST and COMPOUND INTEREST after 2 years =
= 940.5 - 900 = 40.5 ( Answer )
⤴️ I THINK IT HELPED Y©U_____✌️
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