find the sum of money on which the diffrence between compound and simple interest at rate of 10%per annum for 2 years is 500
Answers
Answer:
Step-by-step explanation:
here's the answer of yours
i hope you will mark me brainliest
here's the answer of yours
i hope you will mark me brainliest
ANSWER
Let the sum =P
Simple Interest for three years =P×
100
5
×10=0.15P
CI=P(1+
100
5
)
3
−P
=P(1.05)
3
−P
1.15763P−P=0.15763P
Difference between compound interest and simple interest
CI−SI=0.51763P−0.15P
=0.00763P
0.00763P=76.30
P=10,000.
Step-by-step explanation:
please mark as brilliant
THANKS
0
0.0
(0 votes)
Find Math textbook solutions?
SEE ALL
Class JEE
Class 12
Class 11
Answer:
Answer is 127.5
Step-by-step explanation:
- first we find compound interest:-
formula
CI=p(1+r/100)÷t
CI=500(1+10/100)÷2
CI=500(11/100)÷2
CI=500×0.11÷2
CI=55÷2
CI=27.5@ns
- then,we find simple interest:-
formula
SI=p×r×t/100
SI=500×10×2/100
SI=5×10×2(after dividing 500 by 100)
SI=50×2
SI=100@ns
- then,we find sum of CI and SI
27.5+100
127.5@ns