Question

Find the difference of compound interest and simple interest on a sum of 4400 at 15% per annum for 2 years.

Answer 1

☆Hello friend☆

Solution is in pic, C.I-S.I= Rs 99

$hope \: it \: helps$

☺☺☺

Answer 2

Given sum(p) = Rs 4400, rate of interest(r) = 15%, time(t) = 2 years
S.I = p*t*r/100
     = 4400*15*2/100
     = Rs 1320

C.I = p*t*r/100
     = 4400*15*1/100
     = 660
Amount = 4400+660 = Rs 5060
Amount of 1 st year = sum of 2 nd year 
C.I for 2 nd year = 5060*15*1/100
                            = Rs 759
C.I = 759+660 = Rs 1419

S.I = Rs 1320
C.I = Rs 1419
Difference between C.I and S.I = 1419 - 1320 = Rs 99