Question

Iespectively.
7. Calculate the difference between the compound interest and the simple interest on
20000 in 2 years at 8% per annum.​

Answer 1

Answer:

P=Rs.20,000,T=2years and R=8%.

⇒  S.I.=100P×R×T

⇒  S.I.=10020000×8×2

∴    S.I.=Rs.3200.

⇒  C.I.=P(1+100R)T−P

⇒  C.I.=20,000×(1+1008)2−20,000

⇒  C.I.=23,328−20,000

∴     C.I.=Rs.3328.

⇒   C.I.−S.I=Rs.3328−Rs.3200=Rs.128.

Answer 2

Answer:

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