Math, asked by dipaprasad9142, 5 months ago

Harish borrowed rupees 5,00,000 at 10% per annum from 2 year find the difference between compound interest and simple interest?

Answers

Answered by lathpiyush

1

Answer: 5000

Step-by-step explanation: Compound interest-

500000(1+10/100)²

500000*110/100*110/100

= 500000*22/20*22/20

500000*11/10*11/10

= 500000*121/100

= 605000 (CI)

605000-500000= 105000

SI= 500000*10*2/100= 100000(SI)

Difference

= 105000-100000

= 5000

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