find the difference between the simple interest and the compound interest on rs 5000 for 2years at 6%per Annum
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HEY YOUR ANSWER,
SIMPLE INTEREST,
P =5000
T =2 YRS
R%=6%P.A
S.I=P×T×R/100
=5000×2×6/100
=50×2×6
=RS 600
INTEREST =5000 + 600
=RS 5600 IS AMOUNT ON S. I
COMPOUND INTEREST,
= P(1+R/100)
=5000(1+6/100)
=5000×106/100
=106×50
=RS 5,300 is your amount
FOR 2 ND YEAR ,
=5300×106/100
=106 ×53
=5,618 IS FINAL AMOUNT.
DIFFERENCE BETWEEN THEM, =RS(5618-5600)
=RS 18 IS YOUR ANSWER.
SIMPLE INTEREST,
P =5000
T =2 YRS
R%=6%P.A
S.I=P×T×R/100
=5000×2×6/100
=50×2×6
=RS 600
INTEREST =5000 + 600
=RS 5600 IS AMOUNT ON S. I
COMPOUND INTEREST,
= P(1+R/100)
=5000(1+6/100)
=5000×106/100
=106×50
=RS 5,300 is your amount
FOR 2 ND YEAR ,
=5300×106/100
=106 ×53
=5,618 IS FINAL AMOUNT.
DIFFERENCE BETWEEN THEM, =RS(5618-5600)
=RS 18 IS YOUR ANSWER.
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