Question

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

Answer 1

SI=(prt/100)==>5000×2×9/100==>900.

CI=p× (1+r/100)^t-p
==>5000×(1+9/100)^2-5000
==>59405/10-5000
==>5940.5-5000==>940.5

CI-SI==>940.5-900==40.5

ANSWER COMPLETED
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