Question

find the diffrence betweenthe simple intrest and compound intrest on ₹2500for 2years at 4% per annum compound no intrest being reckoned semi -annually​

Answer 1

Answer:

you should app the formula of simple interest

Step-by-step explanation:

SI=PRT/100

Answer 2

Answer:

The difference between CI and SI = Rs.4

Step-by-step explanation:

We are assuming that the interest is treated annually.

P = Principal = Rs.2500

T = Time period = 2 years

R = Rate of interest = 4 per cent per year

Simple Interest (SI) = P*R*T/100

                                = 2500*4*2/100

                                = 200

For compound interest:

Final amount (A) = P*(1+R/100)^T

                            = 2500*(1+4/100)^2

                            = 2500*(1.04)^2

                            = 2704

Compound interest (CI) = A - P

                                       = 2704 - 2500

                                       = 204

Difference between CI and SI  = 204 - 200 = 4