Question

If interest is compounded annually, find S.L, C.I. and difference between CL and S.L. Fill the values at appropriate places in the following table. Principal C.I. - S.L. Time S.L. Rate C. (P) (T) (R) (a) 1000 1 year 10% p.a. 100 compounded annually (b) 1000 2 years 10% p.a. compounded annually (c) 2000 2 years 5% p.a. compounded annually (d) 3000 3 years 4% pa. compounded annually SIMPLE AND COMPOUND INTEREST 133​

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Answer 1

Answer:

If the difference between compound and simple interest is of two years than,

Difference = P(R)²/(100)²

Where P = principal amount, R = rate of interest

If the difference between compound and simple interest is of three years than,

Difference = 3 x P(R)²/(100)² + P (R/100)³.

Here also, P = principal amount, R = rate of interest

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Answer 2

Answer:

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Step-by-step explanation:

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