Math, asked by cuteits384, 7 hours ago

find the difference in the si and compound in interest on rs625 for 2 years at the rate of 4% per annum. ​

Answers

Answered by ShreySingh
1

Answer:

₹1

Step-by-step explanation:

Principal = P = ₹625

Rate = R = 4% per annum

Time = T or n = 2 years

SI = PRT/100 = 625*4*2/100 = ₹50

CI = P[(1 + R/100)ⁿ - 1] = 625[(1 + 4/100)² - 1] = 625[(1.04)² - 1] = 625[1.0816-1]

CI = 625[0.0816] = ₹51

∴ difference in CI and SI = 51 - 50 = ₹1

kindly mark as brainliest

Similar questions