If the simple.interest on a sum at 4% per annum for 2 years is rs.80 then the compound interest on the same sum for same period is
Answers
Answered by
10
Given Simple Interest= SI = 80
Rate of Interest Per annum= R= i= 4%
Time = T= n = 2years
we know that
Simple Interest = PTR/100
80 = P*2*4/100
80×100/8 = P
1000 = P
We know that
Compound Interest
=P(1+i)^n - P
=1000(1+4%)^2 - 1000
=1000(1.0816) -1000
=1081.6 - 1000
=81.6 is the compound Interest
Rate of Interest Per annum= R= i= 4%
Time = T= n = 2years
we know that
Simple Interest = PTR/100
80 = P*2*4/100
80×100/8 = P
1000 = P
We know that
Compound Interest
=P(1+i)^n - P
=1000(1+4%)^2 - 1000
=1000(1.0816) -1000
=1081.6 - 1000
=81.6 is the compound Interest
Answered by
0
Explanation:
answer is ₹81.60.
by the formula is simple and compound interest you can find answer...
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