Question

find the difference between the simple intrest and compound intrest on rs . 4800 for 2 year and 5% P. A compond being reconed annually

Answer 1

Answer:

Step-by-step explanation:

Step 1: S.I.

S.I. = PRT/100 = 4800×5×2/100 = 48×5×2 = 480

Therefore, Rs 480 is the reqd. S.I.

Step 2: C.I.

Amount = P(1+R/100)^n = 4800(1+5/100)²

= 4800×21/20×21/20

= 12×21×21

= 5292

C.I. =Amount-Principle

=5292-4800

=492

Therefore, Rs 492 is the reqd. C.I.

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